The United States appears firm on its slated tariff increase on the EU following comments made by U.S. Commerce Secretary Howard Lutnick over the weekend.

Commerce Secretary Howard Lutnick expressed confidence Sunday that the Trump administration will cut trade deals with key U.S. trading partners in the coming weeks — before steep tariffs kick in for dozens of countries.

European exporters say a 30% U.S. import tariff would drive prices unsustainably high and hammer their sales. While some manufacturers are shifting their supply chains stateside or elsewhere, not all businesses have the same flexibility — and can't easily replace the developed U.

Donald Trump has decided to jack up tariffs on every single good coming from Europe, pushing for a baseline rate of 15% to 20% in the next trade deal, according to the Financial Times. This comes after multiple rounds of back-and-forth talks with Brussels that aimed to hold tariffs at 10%,

The president's new tariffs on vehicles and auto parts have contributed to a slowdown in affordable car availability in the U.S., according to Cars.com.

Long-proposed levies on imports from the U.S. worth 21 billion euros are currently on pause until Aug. 6, and the European Commission has prepared a second round of tariffs targeting trade worth 72 billion euros. Imports ranging from clothing to agricultural products and food and drink items could be affected.