Portuguese Finance Minister Expects EU and US to Agree on "Very Low" Tariffs Likely Below 10%

According to a report by Jinse Finance, Portuguese Finance Minister Joaquim Miranda Sarmento stated that he expects the European Union and the United States to reach an agreement, with tariff rates likely to be below 10%, which would help maintain smooth trade relations. “It is possible to reach an agreement with very low tariffs, a deal that benefits both sides, allowing us to continue trading and create more value for our citizens,” Sarmento said in an interview with Bloomberg TV in Brussels. “We look forward to learning about the latest progress in the negotiations between the European Commission and the U.S. government at the EU finance ministers’ meeting on Monday and Tuesday.” When asked how low these tariffs might be, he later said, “It is very likely to be below 10%, but let’s see what the outcome will be.”