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HomeNewsOpinionHow the EU succumbed to Trump’s tariff steamroller

How the EU succumbed to Trump’s tariff steamroller

Ravi Ananthanarayanan   •
©The Financial Times Limited 2020 Jul 28, 2025 / 09:23 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

Relief at avoiding trade war is tinged with regret at not taking firmer stand from the start

EU has swallowed a broad-based baseline US tariff of 15 per cent, including crucially for cars, but not for steel, which will be subject to a quota system.

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