The EU has been trying to reach an interim agreement with the US to avoid higher tariffs, but Trump's letter has dashed the EU's recent optimism. However, Trump did leave room for further adjustments. Brian Jacobsen, chief economist at Annex Wealth Management, wrote, "Like previous letters, there are many conditions and terms that could lower these tariffs, which may be why the market may not like tariff negotiations, but is not panicking about them." (Golden Ten) [Odaily Planet Daily]