President Donald Trump signaled that a formal tariff letter to the European Union may be just days away, raising concerns over escalating trade tensions as the U.S. prepares to impose sweeping tariffs ranging from 25% to 40% on exports from 14 countries including Japan, South Korea, Laos, and Myanmar, while the EU seeks possible exemptions from the baseline 10% levy, prolonging market uncertainty and complicating global trade negotiations ahead of the August 1 deadline.
