The two sides of the Atlantic appear to be at a breaking point. The European Union is now pressing the U.S. Department of Commerce to follow through with the July trade accord, demanding sweeping tariff cuts on steel, aluminium and derivative products — tariffs that have already hit 407 items since August. Meanwhile, Washington’s 15 % duty on most EU goods remains matched by Europe’s delayed concessions, sparking unease across industry. With talks stalled and new penalties looming on trucks, wind turbines and critical minerals, Brussels warns: the clock is ticking and the game is shifting.

DAX index development from 1.10.2025

Today, senior US and European trade negotiators will meet in Brussels. U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will meet with EU ministers, who will make a tough demand: that the U.S. begin to realistically fulfill its commitments from the deal struck at the end of July.

In fact, during July 2025, both sides reached a major…