the European Union has been trying to reach a temporary agreement with the United States to avoid higher tariffs, but Trump's letter has shattered the EU's recent optimism. However, Trump does leave room for further adjustments. Brian Jacobsen, Chief Economist at Annex Wealth Management, wrote that, like previous letters, there are many conditions and terms that can reduce these tariffs, which may be why the market may not like tariff negotiations, but also does not panic about it.