July 21, 2025- The U.S. has signaled it will not let up on its Aug. 1 deadline for higher tariffs on the European Union as the bloc fights to strike a deal in time, according to CNBC. Over the weekend, U.S. Commerce Secretary Howard Lutnick said he was confident that a trade deal could be struck with the European Union, but warned that the deadline for a baseline 30% tariff is fixed. U.S. President Donald Trump is demanding a minimum of 15%-20% tariffs on imports from the European Union, the Financial Times reported Friday.