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New developments in US-EU tariff negotiations: Trump's letter may trigger market Fluctuation.
On July 13, the EU has been trying to reach a temporary agreement with the United States to avoid higher tariffs, but Trump's letter shattered the EU's recent optimism.
However, Trump does leave room for further adjustments. Brian Jacobson, Chief Economist at Annex Wealth Management, wrote, "Like previous letters, there are many conditions and terms that could lower these tariffs, which may be the reason the market does not like the tariff negotiations but is not panicking about it either."