In a significant development, EU and US trade negotiators have been actively engaging in discussions to resolve ongoing tariff tensions. Following a reprieve from potential 50% tariffs imposed by the Trump administration, EU officials expressed optimism about reaching a trade deal. The EU has committed to fast-tracking negotiations and has adjusted its offerings in response to US demands. EU leaders are hopeful for a swift agreement, with multiple rounds of talks planned to address critical sectors and avoid further escalation. While business communities remain concerned about uncertainty, both sides noted positive exchanges and are eager to find common ground in order to alleviate trade disputes.