U.S. Demands Unilateral Tariff Cuts From EU

The U.S. Administration wants the EU to make unilateral cuts to its tariffs on American goods and abolish a proposed digital tax for trade negotiations to advance, sources briefed on the U.S. trade negotiators’ latest stance have told the Financial Times. The U.S. hit the EU with a 20% ‘reciprocal’ tariff in early April, but the Trump Administration later backtracked on the so-called reciprocal tariffs following a major market rout triggered by fears of recession.

The United States has now left a baseline 10% tariff on all countries…