Tariffs or "extremely low"! Portuguese finance minister optimistic: tax rate in US-Europe negotiations may be lower than 10%

date
07/07/2025
According to the Wisdom Finance APP, Portuguese Minister of Finance Joaquim Miranda Sarmento stated that he believes the EU and the US could reach an agreement with tariffs lower than 10%, which will help maintain normal trade. Sarmento said: "It is possible to reach an agreement with extremely low tariffs, which may be seen as beneficial by both parties, and will continue to allow us to trade and add value for our people. We look forward to understanding the latest developments in negotiations between the EU and the US government at the EU Finance Ministers' meeting scheduled for Monday and Tuesday."