0612 GMT - The U.S. and EU remain likely to reach a trade deal, Commerzbank's Vincent Stamer says, after President Trump said he would impose a 30% tariff on all imports from the bloc. "The provocation certainly increases the risk of an escalation in the trade dispute," Stamer says. Indeed, a duty at that level on European goods could drag Europe's largest economy, Germany, by some 0.7% of total output within two years, according to Commerzbank's calculations. "Nevertheless, we continue to assume that a framework agreement will be concluded between the trading blocs in the coming months and that the average U.S. import tariff on goods from Europe will level off at around 15% by the fall," Stamer writes in a research note. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
July 14, 2025 02:12 ET (06:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.