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Taoiseach ‘Hopeful’ of EU-US Deal on Tariffs
COUNTY DUBLIN, IRELAND, JUL 7 – Taoiseach expresses cautious optimism as EU-US tariff negotiations continue amid threats of damaging 50% tariffs, with a delay to August 1 providing more time to finalize a deal.
- Negotiations between the US and the EU are ongoing to reach a tariff agreement before the original July 9 deadline, which was set to prevent higher US import taxes on European goods.
- The talks follow the Trump administration's 2018 steel and aluminium tariffs and recent threats to raise levies to 50% if no agreement is reached.
- Portugal holds the Eurogroup presidency and is pushing for compromise and transparency, while EU negotiators seek exemptions for sectors like agriculture, medical devices, and aircraft.
- Analyst Dan Coatsworth observed that markets responded with little enthusiasm, suggesting that investors are growing skeptical of Trump's negotiation approach, perceiving his threats as less severe than they appear.
- If the July 9 deadline passes without agreement, tariffs could rise sharply, significantly impacting manufacturers, exporters, and supply chains, while a framework deal would offer short-term clarity.
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The European Commission appears close to a provisional trade agreement with the United States. Brussels hopes to reach a deal with Washington "in the coming days." A spokesperson does not expect a letter from President Donald Trump.
·Amsterdam, Netherlands
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Trump Pressure Working: EU Rushes To Strike Deal Before Tariffs Hit
Germany’s Chancellor Friedrich Merz said on Wednesday, July 9, he was “cautiously optimistic” about the prospects of a deal between the European Union and the United States to avert increased tariffs threatened by President Donald Trump. “I am cautiously optimistic that we may succeed in reaching an agreement with the United States in the next few days or at the latest by the end of the month,” Merz told parliament. The increased tariff rates we…
Coverage Details
Total News Sources19
Leaning Left8Leaning Right2Center1Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
R 18%
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