Trump Warns EU: '50-50' Trade Deal Odds, Plans 200 New Tariff Notices Globally

In Brief:

Trump says US-EU trade deal chances are "only 50%" and could fall lower.

Nearly 200 new tariff letters to be sent targeting other nations, some as high as 30%.

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Despite positive signals from European diplomats, President Trump stated on July 25 that the odds of securing a US-EU trade agreement are only “fifty-fifty.” He warned that failure to reach a deal by August 1 would result in a 30% blanket tariff on most European goods, with additional surcharges planned for key sectors.

Trump emphasized the uncertainty, saying, “Maybe even less than 50%, but still around there,” as both sides continue intense negotiations. The White House has also prepared to issue nearly 200 tariff letters to other countries in the coming days, some outlining 10% to 15% new import duties.

The move signals a renewed wave of protectionist policies as the Trump administration ramps up global trade pressure. Industries across Asia and Europe could face mounting costs if the proposed tariffs are implemented.

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