The EU remains hopeful it will strike a deal to avoid steep levies Trump has threatened on its exports to the US.

The European Union said on Wednesday it could reach an outline trade agreement with the United States in the coming days, while U.S. President Donald Trump promised that he would deliver further tariff notices on unnamed countries.

EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, a Brexit dividend that has rattled some European capitals. Brussels is ready to sign a temporary “framework” agreement that sets the US president’s “reciprocal” tariffs at 10 per cent while talks continue,

Trump imposes tariffs up to 40% on 14 countries, pressuring allies to shift production to the US and avoid ties with BRICS. Tensions mount globally.

In the letters, President Trump warned countries that they would face even higher tariffs if they retaliated by increasing their own import taxes.