US EditionTaoiseach ‘Hopeful’ of EU-US Deal on Tariffs
COUNTY DUBLIN, IRELAND, JUL 7 – Taoiseach expresses cautious optimism as EU-US tariff negotiations continue amid threats of damaging 50% tariffs, with a delay to August 1 providing more time to finalize a deal.
- The EU and the US are negotiating a trade deal on tariffs ahead of a crucial July 9 deadline in Brussels.
- The Trump administration delayed raising the baseline 10% tariff to August 1 to allow further time for talks amid ongoing issues.
- Irish and EU leaders, including Taoiseach Micheal Martin and Tanaiste Simon Harris, emphasize the need to finalize a mutually beneficial framework agreement.
- Mr. Harris warned that a 50% tariff would severely damage EU-US trade, while Portugal pushes for transparency and a low tariff deal possibly under 10%.
- The outcome will shape future trade relations, with unresolved issues remaining and significant economic risks if no agreement is reached.
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22:20 Even if the European Union manages to reach a trade deal with the United States that avoids high import tariffs, it will take countermeasures. This has even been tested with Washington...
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