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US offers EU 10 percent tariff deal - with caveats

EU and US trade talks continue following a phone call between President Trump and Commission President von der Leyen. EU Trade Chief Šefčovič briefed ambassadors, stating the Commission didn't anticipate a particular letter. A trade agreement remains uncertain, depending on Trump's approval. Washington hasn't indicated exemptions for sensitive industries like autos and pharmaceuticals, although some nations may see benefits in specific sectors. A pause extension is now official via executive order.

Prepared by Christopher Adams and reviewed by editorial team.

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