💨 Abstract

The EU and U.S. are accelerating trade negotiations after Trump delayed a 50% tariff on EU goods until July 9. EU Trade Commissioner Maros Sefcovic reported positive discussions with U.S. officials. EU President Ursula von der Leyen agreed with Trump to fast-track talks, aiming to finalize a deal by the deadline. The U.S. and EU have a substantial trading relationship, with $1.8 trillion in annual goods and services exchanged.

Courtesy: WTOP Staff