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EU trade negotiator says calls with US officials were ‘good’ after Trump extends tariff deadline

  • On May 24, 2025, EU Trade Commissioner Maros Sefcovic reported 'good calls' with U.S. Officials after Trump extended the tariff deadline to July 9 in Washington, D.C.
  • The tariff extension followed Trump's ongoing threats of a 50% tariff on EU industrial goods, including autos, amid unresolved disputes over food safety standards and value-added taxes.
  • The EU proposed a 'zero for zero' deal removing tariffs on industrial products, but European negotiators face challenges from Trump's unpredictable tactics and EU resistance on regulatory issues.
  • Experts warn a 50% tariff would act as an effective trade embargo, cutting Eurozone GDP by up to 1% and slashing business investment by over 6%, while uncertainty paralyzes trade and investment.
  • The tariff delay and ongoing talks suggest both sides seek a trade deal, but deep disagreements over regulations and taxes imply it is unlikely to resolve before the new July 9 deadline.
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EU seeks trade deal to avoid Trump’s tariff threat

What exactly does President Trump want? What can Europe offer? Here are the key areas where the two sides are squaring off.

·Louisville, United States
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Bild broke the news in Berlin, Germany on Saturday, May 24, 2025.
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