Imminent tariffs on EU goods to the US threaten to increase to 50% on July 9 if no agreement is achieved. President Trump initiated tariffs in April 2018, marking variations in rates with harsher penalties on cars, steel, and aluminum. Negotiations are ongoing but face skepticism from European leaders about reaching consensus. The European Commission President expressed the difficulty of a comprehensive deal in under 90 days while indicating hope for an agreement in principle. Divergent views among EU member states complicate negotiations regarding concessions and strategy.
Negotiators are racing against the clock as July 9 approaches, when 50% tariffs may be imposed on EU goods without a deal between the US and EU.
EU Trade Commissioner Maros Sefcovic faces skepticism from member states about his ability to reach a deal that meets their differing demands.
European Commission President Ursula von der Leyen expressed doubts about achieving a comprehensive trade deal in 90 days but remains optimistic for an agreement in principle.
Sharp divisions exist among EU member states regarding acceptable concessions and what the US should offer in the evolving negotiations.
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