The EU and the US are stuck in trade talks with no progress, and the deadline set by US President Donald Trump – July 9 – is fast approaching. The European Commission has stated that the US may be ready to “pause” existing tariffs for partners with whom initial agreements have been reached, but a comprehensive trade deal seems like a distant dream. Trump has imposed tariffs of 50% on steel and aluminum, 20% on cars and parts, while the EU retaliated with a package of countermeasures worth 21 billion euros and is considering an even larger package of 72 billion euros. Negotiators are now considering extending the status quo to avoid further tariff hikes, but the prospects for a final deal look bleak. European Commission President Ursula von der Leyen said it is possible to reach a framework agreement by July 9, but a detailed deal is impossible due to the complexity of trade between Brussels and Washington. US officials, including Treasury Secretary Scott Bessent, have announced that talks will continue over the weekend. All this is happening at a time when the trade war threatens to escalate, and tariffs could hit the wallets of consumers and companies on both sides of the Atlantic. If you thought this was just another boring diplomatic story, think again – this is a trade ring where the stakes are huge and the players don’t give up easily. So, what do you think? Will the talks be saved or will tariffs explode and wreak havoc on the markets? Drop a comment and let’s see who’s the optimist and who’s the pessimist in this trade drama!
EU and US in Trade Deadlock: Will Tariffs Explode After July 9?
