As President Trump grants a temporary reprieve on impending tariffs, officials from the US and European Union are set to recommence trade negotiations, aiming to bridge their differences before new tariffs take effect.
### EU and US Begin New Trade Talks After Tariff Delay by Trump
### EU and US Begin New Trade Talks After Tariff Delay by Trump
Efforts to negotiate a trade deal are reignited as President Trump postpones significant tariffs on the EU.
In a strategic move, President Trump announced the delay of 50 percent tariffs on the EU, originally set for June 1, to July 9, creating an opening for renewed discussions between trade officials from both sides. This decision stemmed from a productive phone conversation with Ursula von der Leyen, the president of the European Commission, signaling possible progress toward a more amicable trade relationship.
"Talks will begin rapidly," Trump stated, reflecting optimism about finding common ground. On the European side, spokesperson Paula Pinho emphasized the discussion as a chance to reinvigorate negotiations, noting it could provide the necessary momentum for reaching an agreement.
However, obstacles persist. Both parties have distinct priorities that could complicate efforts for a swift resolution. The negotiations are expected to resume immediately, with engagement between Maros Sefcovic, the E.U.’s trade commissioner, and U.S. commerce secretary Howard Lutnick scheduled for later on the same day.
As the deadline looms, all eyes will be on the evolving dialogue to see if a consensus can be achieved before the new tariffs are put into effect, affecting trade relations and economic stability in both regions.
"Talks will begin rapidly," Trump stated, reflecting optimism about finding common ground. On the European side, spokesperson Paula Pinho emphasized the discussion as a chance to reinvigorate negotiations, noting it could provide the necessary momentum for reaching an agreement.
However, obstacles persist. Both parties have distinct priorities that could complicate efforts for a swift resolution. The negotiations are expected to resume immediately, with engagement between Maros Sefcovic, the E.U.’s trade commissioner, and U.S. commerce secretary Howard Lutnick scheduled for later on the same day.
As the deadline looms, all eyes will be on the evolving dialogue to see if a consensus can be achieved before the new tariffs are put into effect, affecting trade relations and economic stability in both regions.
