US EditionEU leaders meet to decide on whether to back quick US trade deal or seek better terms
- U.S. President Donald Trump set a July 9 deadline to negotiate a trade deal with the European Union to avoid imposing reciprocal tariffs up to 50% on EU exports.
- Negotiations are complicated by the EU's digital services tax and non-tariff barriers, which the U.S. cites as disadvantaging American companies despite European firms' open market access in the U.S.
- The EU leaders are meeting in Brussels on June 26 to address the trade talks, sanctions on Russia, the Middle East conflicts, and Iran nuclear negotiations, with the summit ending in a statement shaping the bloc's agenda.
- The U.S. tariffs already cover about €380 billion of EU exports, and the EU plans retaliatory tariffs including on Boeing aircraft if the U.S. maintains or expands tariffs, with EU industry chief Sejourne warning of retaliation against asymmetrical deals.
- The outcome may extend negotiations beyond July 9, as many EU officials expect some U.S. tariffs will persist but seek to avoid a full trade war while addressing protectionism and reinforcing cooperation on global security and technology issues.
86 Articles
86 Articles
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