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European Parliament Wades Into Trump Trade Deal Haggling

  • Ongoing EU-US trade talks in Brussels face a July 9 tariff deadline, with Trump warning of higher tariffs amid mounting pressure and cautious calls for delay.
  • Prompted by unresolved disputes, the EU’s offer to eliminate industrial-goods duties clashes with U.S. demands on taxes, digital rules, and safety standards, fueling trade deadlock.
  • French Finance Minister Eric Lombard prefers delaying the July 9 deadline to secure a better deal amid EU-US trade divisions, citing the 'Swiss cheese' proposal for exemptions.
  • Bessent indicates talks are unclear, warning two weeks is insufficient for a deal, as Trump emphasizes the July 9 deadline.
  • Building on ongoing trade talks, EU Commission President Ursula von der Leyen proposes a CPTPP coalition to reform the WTO, aiming for long-term global trade stability.
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The French Minister of Finance asked for further negotiations between the EU and the US in the field of trade beyond the limit of 9 July, to obtain a better agreement, transmitted Reuters. The deadline was set...

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Macau Business broke the news in on Saturday, June 28, 2025.
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