The European Union is in a crucial week of negotiations to finalize a trade deal with the United States before President Trump's tariff deadline. Currently, the US treasury is concentrating efforts on multiple agreements with important trade partners. The potential of a 50% import tariff threatens to destabilize $1.6 trillion in transatlantic trade. Key EU members, Germany and France, have differing strategies on whether to secure a quick deal or demand better conditions. The current uncertainty has caused significant economic repercussions, halting investment globally and affecting the performance of the dollar.
"The US treasury secretary, Scott Bessent, noted the negotiations are focused on 15 to 18 agreements with important partners as the deadline approaches."
"The uncertainty caused by Washington has significantly impacted the global economy, pausing business investment and contributing to the dollar's worst performance in 50 years."
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