US EditionEU trade negotiator says calls with US officials were ‘good’ after Trump extends tariff deadline
- President Trump postponed the threatened tariffs on European goods from June 1 to July 9 amid ongoing trade negotiations in Brussels.
- Trump's tariff threats, aimed at addressing a 157 billion euro goods trade deficit, reflect broader frustration with the EU beyond trade issues.
- EU officials seek a trade deal to avoid 50% tariffs on imports, proposing a 'zero for zero' deal removing tariffs on industrial goods including autos.
- Economists warn 50% tariffs could shrink the Eurozone economy by up to 1% next year and cut business investment by more than 6%, while uncertainty paralyzes businesses.
- Despite increased U.S. LNG and defense purchases motivated by the Ukraine conflict, the EU remains firm on regulatory rules, signaling limited room for compromise.
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Dispatch from London: Engaging Trump without alienating the rest
The GeoEconomics team traveled across the pond for a series of meetings and events to determine if the recent US-UK trade deal could be a template for other countries seeking accords with the United States.
·Washington, United States
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Total News Sources448
Leaning Left57Leaning Right55Center120Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 25%
C 52%
R 24%
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