US-EU trade negotiations enter final stretch

Published: Jul 7, 2025 21:27

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According to SMM, as the July 9 tariff deadline approaches, EU-US trade negotiations have entered a critical sprint phase. An EU Commission spokesperson stated on Monday that progress had been made in the trade agreement talks between the EU and the US, which have now reached the "beginning of the final stage," with at least a principled agreement expected. Earlier reports from CCTV indicated that US President Trump had threatened to impose 50% tariffs on EU goods if no breakthrough was achieved in the trade talks by July 9. Currently, the US imposes 50% tariffs on EU steel and aluminum products, 25% on the automotive sector, and a 10% baseline tariff on nearly all other goods.

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