US EditionWhere do trade talks stand in the rush to avert higher US tariffs?
UNITED STATES, JUL 4 – US and EU negotiators aim to finalize a trade agreement before July 9 to prevent tariffs from doubling to 20% or higher on EU imports, risking economic disruptions, officials said.
- The U.S. and European Union are in a critical phase of trade talks with a July 9 deadline to avoid higher U.S. tariffs on EU imports.
- The talks follow U.S. President Trump's April tariff announcement and a 90-day pause, with ongoing negotiations complicated by demands for carve-outs and unresolved details.
- EU Trade Commissioner Maros Sefcovic engaged U.S. counterparts this week, while senior EU officials reported no final deal but remain open to a basic agreement by the deadline.
- Trump plans to send letters on July 4 setting individual tariff rates, ranging from 10% baseline to potentially 50%, with payments starting August 1, raising stakes for partners.
- If no agreement emerges, tariffs could rise significantly, possibly doubling to 20% or higher on EU goods, indicating sustained trade tensions despite ambitions for a transatlantic deal.
80 Articles
80 Articles
Where do trade talks stand in the rush to avert higher U.S. tariffs?
U.S. President Donald Trump has said he will send letters to select trade partners facing tariff hikes as early as Monday, piling pressure on countries to strike a deal with Washington before a new August 1 deadline. The White House announced sharp levies on dozens of economies in April, citing…
Europe and US to seek to avoid return of steep tariffs in weekend of last-ditch trade talks
European Union and United States negotiators will hold final stretch talks through the weekend as Brussels chases a deal before a July 9 deadline to avoid the return of steep tariffs, diplomats said on Friday, July 4.
Where Do Trade Talks Stand In Rush To Avert Higher US Tariffs?
As a Wednesday deadline approaches for steeper US tariffs to hit dozens of economies ranging from the EU to India, trade negotiations with President Donald Trump's administration are coming down to the wire.
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