US-EU Trade Talks Intensify Ahead of Looming Tariff Deadline
As the deadline for trade negotiations between the United States and the European Union approaches, tensions are escalating over potential tariffs that could significantly impact their economic relationship. President Trump has set a deadline that has EU leaders racing to secure a deal, with discussions focusing on a possible skeleton deal involving a universal 10% tariff. However, divisions within the EU on how to respond to these tariffs persist, with some leaders warning that the current proposals may not adequately protect key sectors. As trade talks enter their final stretch, there is growing concern that a lack of agreement could lead to the implementation of harsh tariffs, with the US threatening increases up to 50% on certain goods. The situation remains fluid, with EU negotiators pushing for exemptions and a fair agreement while preparing for the possibility of a bare-bones deal to mitigate the impending tariff clash.
AP News, The Washington Post, Bloomberg, CNBC, Financial Times, The Guardian, politico.eu, Automotive News, the-independent.com, Reuters