EU and US Near Trade Deal as Tariff Negotiations Continue
TL;DR Summary
The EU believes a trade deal with the US is close as the 1 August deadline approaches, with hopes of avoiding US tariffs that could reach 30%, and the EU preparing countermeasures worth €93bn if no agreement is reached. Negotiations are ongoing, with both sides seeking a resolution to avoid damaging tariffs and trade tensions.
- Trade deal on US tariffs within reach, says EU, as 1 August deadline nears BBC
- Fact Sheet: President Donald J. Trump Secures Unprecedented U.S.–Japan Strategic Trade and Investment Agreement The White House (.gov)
- Europe Nears U.S. Trade Deal, but Stands Ready to Retaliate The New York Times
- Trump’s New Trade Standard Takes Shape With 15% Tariff Deal The Wall Street Journal
- EU fails to reduce 50% steel tariff in outline trade deal with US The Guardian
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