Trade analysts: Trump's letter may strengthen the EU's belief in retaliation

ChainCatcher news, according to Jinshi reports, former U.S. Assistant Trade Representative for Europe and the Middle East Dan Mulaney stated that he believes Trump's letter to the EU was aimed at pushing the EU to reach a better agreement. Trump had previously threatened to impose a 50% tariff on the EU in May, a move that seems to have accelerated the negotiation process.

However, Mulaney said that this letter might encourage those within the EU who want to retaliate, as they believe the U.S. is not serious about reaching an agreement. He said, "These people will feel that their views are justified."