Europe Eyes US Trade Agreement Ahead of Deadline
The European Union and the US believe they can agree a trade deal before July 9 , the deadline by which Washington is threatening to impose 50% tariffs on almost all EU products — which would trigger a series of countermeasures from the bloc.
European Commission President Ursula von der Leyen privately told EU leaders yesterday that she was confident a deal could be reached before the deadline to avoid an economically damaging escalation, according to people familiar with the matter. During the meeting there was a shift in tone from leaders, with many saying they would accept some imbalances to avoid the situation getting worse.
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