The European Union is making a final push to secure a
The European Union is making a final push to secure a trade agreement with the United States ahead of a looming July 9 deadline, as tensions escalate over potential tariff hikes that could significantly impact transatlantic commerce.
EU Expresses Readiness For Deal
European Commission President Ursula Von Der Leyen confirmed on Wednesday that the EU is ready to reach an agreement with the US on tariffs. Her remarks came just before a crucial round of negotiations set to take place in Washington.
European Trade Commissioner Maroš Šefčovič is heading to the US capital, where he is expected to meet with his American counterparts in a last-ditch effort to avoid steep import duties. If no deal is reached by July 9—the deadline set by President Donald Trump—the White House could raise tariffs on EU imports to as high as 50%, doubling the current 25% rate he proposed in May.
Von Der Leyen Stresses Need For Preparedness
During a press conference in Aarhus, Denmark, European Commission President Ursula Von Der Leyen emphasized the EU’s preference for a negotiated solution with the United States regarding tariffs. However, she made it clear that the bloc is also preparing for the scenario in which
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