Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsPhiladelphia Transit System Votes to Cut Service by 45%, Hike FaresSprawl Is Still Not the AnswerCalifornia Exempts Building Projects From Environmental LawThe European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports,

Europe wants to make a deal before July 9 when tariffs on more goods could be increased. Reducing tariffs could be challenging, as they currently generate revenue for the US economy. President Donald Trump retorted that Europe has yet to propose a fair deal with the US.