BRUSSELS: The European Union nonetheless goals to achieve a commerce cope with america by Jul 9 after Fee President Ursula von der Leyen and US President Donald Trump had a “good change”, a Fee spokesperson mentioned on Monday (Jul 7).
It was not instantly clear, nonetheless, whether or not there had been a significant breakthrough in talks to stave off the imposition of sweeping tariff hikes on america’ largest buying and selling companion.
The clock is ticking down on a deadline for international locations world wide to conclude offers with the US after Trump unleashed a world commerce battle that has roiled monetary markets and despatched policymakers scrambling to guard their economies.
TRUMP TOUTS TARIFF PROGRESS
As he retains a lot of the world guessing, Trump on Sunday mentioned the US was near finalising a number of commerce pacts in coming days and would notify different international locations by Jul 9 of upper tariff charges. He mentioned they might not take impact till Aug 1, a three-week reprieve.
He additionally put members of the creating nations’ BRICS group in his sights as its leaders met in Brazil, threatening an additional 10 per cent tariff on any international locations aligning themselves with the “anti-American” insurance policies.
The BRICS group includes Brazil, Russia, India and China and South Africa together with latest joiners Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.
The EU has been torn over whether or not to push for a fast and lightweight commerce deal or again its personal financial clout in attempting to barter a greater final result. It had already dropped hopes for a complete commerce settlement earlier than the July deadline.
“We wish to attain a cope with the US We wish to keep away from tariffs,” the spokesperson advised reporters at a day by day briefing. “We wish to obtain win-win outcomes, not lose-lose outcomes.”
