Trump shifts gears to EU after striking Japan deal

From what the evidence shows, "We have Europe coming in tomorrow, and the next day, we have some other ones coming in," U

However, President Donald Trump said late on Tuesday

Furthermore, Andrew Caballero-reynolds | Afp | Getty ImagesU

President Donald Trump has now set his sights on trade negotiations with the European Union, after announcing a framework agreement with Japan

Additionally, "We have Europe coming in tomorrow, and the next day, we have some other ones coming in," Trump said late on Tuesday, without specifying details

Furthermore, A European Commission spokesperson meanwhile said that EU Trade Commissioner Maros Sefcovic will speak with U

Additionally, Commerce Secretary Howard Lutnick on Wednesday. "The EU's primary focus is on achieving a negotiated outcome with the US

Intensive nical and political level is," the spokesperson said

In contrast, Pressure has ramped up on EU and U

Negotiators to come to an agreement by Aug, in light of current trends

Furthermore, 1, with the Trump administration appearing intent on not changing the timeline on tariffs again, in today's market environment

Nevertheless, The first tranche of retaliatory tariffs from the EU, which already target imports from the U

Furthermore, "The Japan deal has significantly raised hopes that the EU might also be able to reach a trade deal," Deutsche Bank Re strategists and economists said in a Wednesday note

Katsuhiko Aiba, an economist at Citi, suggested in a separate note that the finer details of Japan's agreement with the U

Additionally, Nevertheless, Could impact negotiations with the EU. "It's notable that auto tariffs were reduced without any cap on auto exports for a major auto exporting country, which may have implications for negotiations with the EU and South Korea," he pointed out. -Japan deal includes a baseline tariff rate of 15%, with Reuters reporting that levies on autos will also be cut to this level — down from the 25% currently in place, amid market uncertainty

Carving out exemptions or lower rates for some key sectors has long been on EU's trade agreement wish list, with analysts expecting that the bloc could accept a baseline tariff in exchange for such sectoral visions, considering recent developments

Road vehicles are among the top three exports from the EU to the U

Furthermore, On the other hand, , according to the European Council

While Europe is eagerly awaiting on trade negotiations with the U. , European Commission President Ursula von der Leyen and European Council President Antonio Costa are travelling to Asia

They're set to meet Japanese leaders on Wednesday before the EU-China summit on Thursday, with trade ly at top of their agenda

Trump's tectionist trade policies are exacerbating existing tensions between the EU and China, experts told CNBC

Moreover, They noted Beijing's concerns that the U

May pressure the EU to sharpen its stance on China (which is quite significant)

On the other hand, Sefcovic on Tuesday said in a post on X that he had "had an important call" with Chinese Commerce Minister Wang Wentao, without supplying further details. — CNBC's Silvia Amaro contributed to this report.