EU Negotiates U.S. Trade Deal Amid Tariff Tensions
TL;DR Summary
The EU and US are in a state of uncertainty regarding a potential trade agreement, with negotiations delayed past a July 9 deadline. While the US suggests progress and possible upcoming decisions on tariffs, the EU remains cautious, emphasizing principles and good faith. The negotiations focus on reducing tariffs, with the EU expected to accept a 10% baseline tariff, significantly lower than the 50% previously proposed by Trump.
- European Union in limbo as Washington keeps it waiting on a trade agreement CNBC
- EU seeks trade deal with Trump, others face new tariff notices Reuters
- U.S. tariffs on European goods threaten to shake up the world's largest trade relationship NBC News
- EU to Protect Airbus in US Trade Deal as Ferrari Set to Lose Out Bloomberg.com
- EU Closes In on U.S. Trade Deal, Testing Bloc’s Unity WSJ
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