Top EU official expects Trump tariff of about 20%

News Snapshot:

EU trade commission Maroš Šefčovič said he expects the Trump administration to hit the EU with tariffs of about 20 per cent next week. Photograph: Olivier Hoslet / EPA The EU’s top trade negotiator expects Donald Trump to hit the bloc with tariffs of about 20 per cent next week as the US president takes aggressive steps to cut trade deficits. Maroš Šefčovič, the EU trade commissioner, told officials that Washington’s final plan was still unclear but that tariffs would apply equally to all 27 member states after meeting senior administration figures on Tuesday. Two people said the commissioner suggested,...