DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Europe Waits, and Hopes, for a Trade Deal

July 9, 2025
in News
Europe Waits, and Hopes, for a Trade Deal
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The European Union is hoping for a rough draft of a trade deal with the United States this week, pushing frantically toward a resolution as other American trading partners receive letters threatening painfully high across-the-board tariffs.

President Trump suggested on Tuesday that he could send such a letter to the European Union this week, even as he acknowledged progress in their negotiations.

But Olof Gill, a spokesman for the E.U.’s executive arm, said at a news conference on Wednesday afternoon that it was his “understanding” that the 27-nation bloc will not receive a simple White House decree informing them of its tariff rate.

Instead, European officials have been working toward a bare-bones deal that can then be fleshed out.

“We are looking for a clear framework from which we can keep building,” Ursula von der Leyen, the president of the E.U.’s executive branch, told the European Parliament in Strasbourg, France, on Wednesday morning.

Maros Sefcovic, the bloc’s main trade negotiator, had a call with Howard Lutnick, the U.S. commerce secretary, on Tuesday, and was scheduled to speak to the U.S. trade representative, Jamieson Greer, on Wednesday evening, Mr. Gill said. The E.U. is now in “the most sensitive phase of negotiations,” he said, adding that the goal was to have an agreement “as quickly as possible,” ideally in the coming days.

Mr. Trump had seemed to call that quick resolution into question on Tuesday.

“They’re very tough, but now they’re being very nice to us, and we’ll see what happens,” he said of the Europeans. “We’re probably two days off from sending them a letter.”

He then added, “A letter means a deal.”

The comments sowed confusion in Brussels on Wednesday, though officials were still hoping to avoid a broad-brush missive.

Even if a negotiated agreement is reached, Europe is likely to feel economic pain.

Any agreement is expected to include at least a 10 percent base line tariff, with some carve-outs for critical products like Airbus airplanes. Negotiators have been pushing for exemptions on sector-specific tariffs on products including cars and metals, but those details have been fluid.

On Tuesday, Mr. Trump said that he wanted to eventually raise tariffs on pharmaceuticals — Europe’s largest export to the United States — to 200 percent, and said that tariffs on copper and other products were coming soon.

European countries including Germany have been pushing for a rapid deal that forestalls worse outcomes and ends months of paralyzing uncertainty. Germany’s large auto sector has been particularly suffering.

“We would like to have an understanding quite soon” because sectorial tariffs “are really harming us,” Bernd Lange, a member of the European Parliament from Germany, said on Wednesday.

Jeanna Smialek is the Brussels bureau chief for The Times.

Ana Swanson covers trade and international economics for The Times and is based in Washington. She has been a journalist for more than a decade.

The post Europe Waits, and Hopes, for a Trade Deal appeared first on New York Times.

Share197Tweet123Share
Tucker Carlson Doubles Down on Wild Theory About Jeffrey Epstein’s True Identity
News

Tucker Carlson Doubles Down on Wild Theory About Jeffrey Epstein’s True Identity

by The Daily Beast
July 12, 2025

Tucker Carlson has lobbed a grenade into the already explosive MAGA civil war over the so-called “Epstein Files.” “The real ...

Read more
News

Florida ‘Nail Bandit’ accused of sabotaging fire rescue vehicles with sharp objects over ‘beef’ with department

July 12, 2025
News

Worker dies following immigration raids on California cannabis farms

July 12, 2025
Crime

Ghislaine Maxwell follows prison fitness routine, video shows, as DOJ’s Jeffrey Epstein memo draws heat

July 12, 2025
News

Young Democrats have called for a rebrand. They’re vying to replace the party’s old guard

July 12, 2025
Yanks’ Cody Bellinger hits 3rd home run of game against Cubs, an inning after being robbed

Yanks’ Cody Bellinger hits 3rd home run of game against Cubs, an inning after being robbed

July 12, 2025
EXCLUSIVE — GOP Lawmakers Introduce Resolution Marking One Year Since Trump Assassination Attempt

EXCLUSIVE — GOP Lawmakers Introduce Resolution Marking One Year Since Trump Assassination Attempt

July 12, 2025
Plea Deal for 9/11 Mastermind Tossed in Trash

Plea Deal for 9/11 Mastermind Tossed in Trash

July 12, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.