The umpteenth one has arrived referral to new rates announced by Donald Trump. The original deadline of July 9 was moved to August 1st, granting a few more weeks to the negotiations between the United States and the European Union. But in the meantime, something is moving with the White House has already sent the first official letters.

For Europe, the game remains openThe final decision will be taken within the week, but in the meantime diplomacy is working to avoid a head-on clash. Brussels seeks a compromise that could contain the damage, perhaps through reduced tariffs of around 10%, in the hope of avoiding an escalation that would put pressure on the entire European manufacturing system.