EU's Efforts to Avoid Higher Tariffs Face Setback Amid Trump's Letter

According to Odaily, the European Union's attempts to reach a temporary agreement with the United States to prevent increased tariffs have been disrupted by a letter from U.S. President Donald Trump. Despite this setback, Trump has left room for further adjustments. Brian Jacobsen, Chief Economist at Annex Wealth Management, noted that similar to previous communications, there are numerous conditions and terms that could mitigate these tariffs. This situation suggests that while the market may not favor tariff negotiations, there is no cause for panic.