US EditionEU, US could reach framework trade deal this weekend, EU officials say
EUROPEAN UNION AND UNITED STATES, JUL 26 – Negotiators seek to prevent a 30% US tariff on EU goods by agreeing on a 15% baseline tariff and sector-specific rates to reduce trade uncertainty, EU officials said.
- On Friday, Taoiseach Micheál Martin said he hoped a broad EU-US trade deal would be agreed this weekend, ending months of uncertainty for European industry.
- From August 1, US President Donald Trump threatened a 30% tariff on EU goods, prompting the EU to ready reciprocal duties.
- EU officials and diplomats said the deal would set a 15% baseline tariff and 50% on steel and aluminium, with the bloc accepting a rise from its 10% rate.
- Amid ongoing talks, leaders expressed guarded confidence and uncertainty; Trump said 'We have a 50-50 chance' of a deal, while Martin called it 'foolish' to speculate on timing.
- The broad outline sets tariff levels, allowing detailed discussions next, Taoiseach Micheál Martin said, adding the EU seeks certainty on sector-specific duties.
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15 Articles
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EU, US could reach framework trade deal this weekend, EU officials say
European Commission President Ursula von der Leyen will meet U.S. President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend.
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