Trump leaves room for further tariff adjustments

Odaily News The EU had been trying to reach a temporary deal with the U.S. to avoid higher tariffs, but Trumps letter dashed the EUs recent optimism. However, Trump did leave room for further adjustments. Like previous letters, there are a lot of conditions and clauses to reduce these tariffs, which may be why the market may not like the tariff negotiations, but also not panic about it, wrote Brian Jacobson, chief economist at Annex Wealth Management.