Trump said the chances of reaching a protocol between the US and Europe are only fifty percent, and it will set a new round of tariffs for other countries.

On July 25, despite recent optimism among EU diplomats regarding an impending trade agreement, Trump stated that the likelihood of reaching a deal on lowering import tariffs between the US and EU is "only fifty-fifty." Trump said, "I think the chances of reaching an agreement are fifty-fifty, maybe even less, but there is still a fifty percent possibility. The US and EU negotiators are working closely together to try to reach an agreement." Earlier this month, Trump issued a letter stating that if the US and EU cannot reach an agreement by August 1, the EU will face punitive measures imposing a 30% tariff on most goods, along with additional tariffs specific to certain industries. Trump also mentioned today that in the coming days he will unilaterally send nearly 200 tariff letters to set a new round of tariffs for other countries, with some letters specifying a tariff rate of 10% or 15%. (Jin10)