The EU is considering accepting a flat 10% Trump tariffs deal on all European U.S. exports to avoid higher levies on cars, drugs, and electronics. According to a report by Reuters citing Handelsblatt,

The European Union is reportedly prepared to accept a flat 10% tariff on all exports to the United States in a bid to prevent steeper duties on critical sectors like automobiles, pharmaceuticals and electronics.

The European Commission dismissed on Monday reports suggesting it was willing to accept a broad U.S. tariff of 10% on EU goods as speculative and said they did not reflect current discussions.

The European Union is reportedly ready to agree to a flat 10% tariff by the U.S. in a bid to avoid higher duties on drugs, electronics, and cars. The EU is looking to slash its tariffs on U.S.-made vehicles and is also exploring potential changes in technical and legal obstacles to make it simpler for U.