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The EU  is willing to accept a trade arrangement with the U.S. that includes a 10% universal tariff on many of the bloc’s exports, but wants the U.S. to commit to lower rates on key sectors.

The U.K. is planning to keep its digital services tax, after Prime Minister Mark Carney scrapped Canada’s levy to restart trade talks with President Donald Trump’s administration.

With just 10 days to go until U.S. country-specific tariffs are set to resume, the White House appears poised to fall short of the sweeping global trade reforms it promised to achieve.

U.K. car manufacturers can export to the U.S. under a 10% tariff starting June 30, a reduction from the 25% rate imposed by President Donald Trump on other countries.

Canadian Prime Minister Mark Carney said late June 29 that trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms.

President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire.

President Donald Trump said he was ending all discussions with Canada after claiming the country moved to implement a digital services tax, and threatened to impose a fresh tariff rate.

The EU and the U.S. believe they can clinch a trade agreement before a July 9 deadline, when Washington is set to impose a 50% tariff on nearly all EU products and the bloc plans countermeasures.

Treasury Secretary Scott Bessent said the administration’s agenda for trade agreements could get wrapped up by Labor Day, indicating some talks could extend past the July  9 deadline.

Washington and Beijing have signed a trade agreement that will make it easier for U.S. firms to obtain magnets and rare earth minerals from China, Treasury Secretary Scott Bessent said June 27.