Europe EditionEU trade negotiator says calls with US officials were ‘good’ after Trump extends tariff deadline
- The EU offered the US a 'zero for zero' trade deal on May 31, 2025, aiming to remove tariffs on industrial goods including autos to avoid new tariffs.
- This offer follows mounting tensions as Trump repeatedly threatened 50% tariffs on EU imports, initially set for June 1, but delayed to July 9 amid unresolved disputes.
- Key sticking points include EU sanitary rules, genetically modified crops, value-added taxes, and food safety standards, which the EU refuses to change, risking a trade embargo.
- Economists say 50% tariffs would reduce the eurozone economy by up to 1% and cut investment by over 6%, while Mary Lovely calls the US an "unreliable trading partner" due to erratic policies.
- The EU pushes for a deal to avoid economic harm and business uncertainty, while Trump’s delaying tactics and demands reflect ongoing volatility in US-EU trade relations.
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432 Articles
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