EU and US: Trade Talks in a Tizzy

The EU and US are navigating a complex trade deal, with progress slower than anticipated. Despite a missed US deadline, officials now suggest a deal could be reached any day.

Key Developments

• US President's Update:
• Close to sending a letter to the EU, indicating potential deal progress.

• Notes improved talks with the EU, a shift from previous criticisms.

• Trade Volume:
• 1.68 trillion euros in trade last year.

• EU exports more goods to the US but imports more services, balancing the trade.

• Tariff Negotiations:
• US Commerce Secretary: EU offers are under consideration.

• EU Likely to Agree: 10% tariff with exceptions, down from the US's initial demand of 50%.

• EU's Cautious Stance:
• EU Leader: Committed to principles, preparing for all outcomes.
• Expert Insight: Tariffs impact US businesses and consumers more than European counterparts.