US EditionEU Ready 'for All Scenarios' Amid Trade Talks with US
EUROPEAN UNION AND UNITED STATES, JUL 9 – The EU aims to avoid tariffs up to 200% on medicines by seeking a trade deal with the US before August 1 while preparing for all possible outcomes, officials said.
- EU and US negotiate to finalize a trade agreement before August 1, aiming to avoid higher reciprocal tariffs on key goods, with progress and deadlines closely monitored.
- Following Trump's tariff warning, he announced plans for up to 200% tariffs on medicines and semiconductors, with no further delays beyond August 1, as US efforts to pressure EU talks continue.
- EU negotiators report progress on multiple trade issues, with consultations ongoing among member states following Maroša Šefčovič’s successful Washington visit to advance the deal before August 1.
- Meanwhile, Trump is two days from revealing tariff rates, while the EU prepares for all scenarios and vows to defend its interests in good faith.
- Absent a deal, the EU faces rising tariffs from 10% to 20% on pharmaceuticals and semiconductors after August 1, risking increased trade barriers amid ongoing negotiations.
16 Articles
16 Articles
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