US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears

With just five days remaining until a critical July 9 deadline, the United States and the European Union are locked in intense negotiations to avert a potential trade war. Failure to reach an agreement could trigger the full implementation of U.S. President Donald Trump‘s ‘reciprocal tariffs,’ potentially hitting EU goods imported into the U.S. with duties as high as 50%.

The looming deadline follows a 90-day reprieve on the tariffs. Should talks collapse, the EU is poised to retaliate with its own measures targeting a broad range of U.S. products. The U.S.-EU trade relationship is one of the world’s most significant, accounting for roughly 30% of global goods trade, encompassing key sectors like pharmaceuticals, vehicles, and petroleum.

President Trump has consistently criticized the existing trade dynamic, asserting that the EU holds an unfair advantage over the U.S., a stance that underscores the high stakes of the current negotiations.

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