Share2h ago 14.35 BST EU’s trade chief Maroš Šefčovič is also speaking the briefing in Brussels, and says he echoes Rasmussen’s comments. Šefčovič tells reporters in Brussels that the EU has approached the talks with United States constructively, and in good faith. However, markets are not fully reflecting the scale of these tariff threats, particularly given how aggressive some of the proposed rates are. The measure spans the next Bank of England and Federal Reserve decisions, as well as President Donald Trump’s 1 August tariff deadline. Share7h ago 09.49 BST Donald Trump’s deadline of 1 August for trade deals, or new high tariffs, could create market turbulence this summer.