The EU remains hopeful it will strike a deal to avoid steep levies Trump has threatened on its exports to the US.

The European Union will not receive a letter from the United States setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday, and is eyeing possible exemptions from the U.

The U.K. and Vietnam — which have already sealed deals with the U.S. — “both wanted quick results and the U.S. emerged as the big winner in the end,” Lange warned in an interview with Germany’s RND newspaper group.

The European Union will not receive a letter from the Trump administration laying out higher tariffs and there is a possibility of exemptions from the U.S. baseline levy of 10%

The European Union is working toward a trade agreement with the United States but faces challenges in securing immediate tariff relief and protection against new trade measures, according to Bernd Lange,

European Union negotiators are closing in on a trade deal with U.S. President Donald Trump that would cement higher tariffs than those granted to the UK, the Financial Times reported on Wednesday.