EU Dismisses Reports That it is Ready to Accept Flat 10% US Tariff

The European Commission dismissed on Monday reports suggesting it was willing to accept a broad U.S. tariff of 10% on EU goods as speculative and said they did not reflect current discussions.

"Negotiations are ongoing, and no agreement has been reached at this stage. The EU has from the start objected to unjustified and illegal U.S. tariffs," the Commission said in a statement.

German newspaper Handelsblatt had said earlier on Monday that Brussels negotiators were prepared to accept the flat 10% U.S. tariff

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