Sources: In negotiations with the United States, the European Union is increasingly yielding to a 10% base tariff

ChainCatcher news, according to Jinshi Data reports, five sources familiar with the negotiations said that European officials are increasingly accepting a 10% "reciprocal" tariff as a benchmark for any trade agreement between the United States and the European Union.

Previously, U.S. President Trump announced broad tariffs on trade partners, and U.S. Commerce Secretary Ross has ruled out the possibility of "reciprocal tariffs" on most U.S. exports to the EU being lower than 10%.

Sources said that EU negotiators are still urging for the tax rate to be lowered to below 10%. However, one source indicated that since the U.S. began generating revenue from its global tariffs, negotiations to lower tariff levels have become more difficult. He stated, "10% is a tricky issue. We are pressuring them, but now they are generating revenue." Another European source mentioned that the EU has not accepted 10% as a benchmark rate in the negotiations, but acknowledged that it is difficult to change or abolish this benchmark.