Looks like they got cold feet on a blanket Canadian tariff.

But the whole process is so chaotic and subject to mood swings that I expect more holes and carve-outs than a block of PDO emmentaler.

The EU simply doesn’t charge 40% rates on the bulk of US goods. Let alone the random countries that all somehow have 10% tariff rates in the US.

And that figure is questionable. Read "including currency manipulation and trade barriers". This is the same presidency that believes the "EU was made to screw USA over", and accused them, Japan and practically every other major economy of manipulating their own currency to harm US. It's improbable that rate has any basis in reality, but surely a detailed breakdown of how they came to that number will be published.. not.