The European Union is pushing to secure a trade deal with the U.S. ahead of President Donald Trump's Aug. 1 deadline.

Wall Street indexes moved lower on Friday after the Financial Times reported that U.S. President Donald Trump was pushing for a minimum 15% to 20% tariff on all EU goods.

Trump is pushing for 15–20% minimum tariffs in trade talks with the EU, rejecting proposals to ease car levies and threatening broad tariffs on 23 countries.

US stocks close mixed after the FT says Trump wants an at least 15%-20% tariff on all EU goods. S&P 500 and Nasdaq come off Nasdaq record highs.

Earnings season just exposed exactly how much Europe is bleeding from Donald Trump’s latest round of tariffs. Industrial and consumer-facing companies across the region are now reporting weaker profits,

President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and more deals were coming, while offering fresh details on planned duties on pharmaceuticals.

The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.

The pause on many tariffs was supposed to end this week, but it didn't. Despite that, reports still indicate that tariffs have caused a notable recent spike in inflation.