EU chief trade negotiators say Europe has “full commit” to meet the July 9 trading deadline after Trump agreed to delay the 50% tariff
The European Union’s chief trade negotiator said on Monday that he had received a “good call” with Trump administration officials, and that the EU was “fully committed.” Trade contracts will be reached by the deadline of July 9thafter Trump agreed Delays his threatened 50% tariff – Or tax imports – European goods.
Trade Commissioner Maros Sevkovic said in X that the EU executive committee is pushing for “PACE” to EU-US transactions, with the two sides constantly in contact.
Sefcovic’s US Secretary of Commerce Howard Lutnick and trade representative Jamieson Greer came the day after Trump said he would delay 50% implementationCustomsFrom June 1st to July 9th, we will purchase 27 country negotiation time with the EU.
The announcement said on Sunday that he would “want to start a serious negotiation” with Trump Commission President Ursula von der Leyen.
Trump had it in a social media post on FridayI threatened to imposeThe 50% tariff on EU goods claims that the bloc is “very difficult” in trade and that negotiations “doesn’t go anywhere.”
Considering the size of the US-EU trading relationship, interests are high. The trading partners don’t have the same free trade agreements the United States has with Mexico and Canada, but around $1.8 trillion in goods and services cross the Atlantic every year.
EU Commission spokesman Paula Pingho said at a press conference that von der Leyen and Trump have agreed to “quickly track” the negotiations. The outcome of the call was, “There’s a new driving force in these negotiations, and we’ll take it from there… From our side, we said we’re always ready to make a deal.”
The EU has offered Trump a “zero-zero” transaction in which tariffs are removed on industrial products, including cars, but the US administration has said it will not lower tariffs below the 10% baseline imposed on almost all trading partners. Trump has also announced a 25% tariff on steel and cars.
This story was originally introduced Fortune.com