The EU expects to finalize a trade deal with the US soon, capitalizing on positive developments in negotiations. President Trump announced new tariffs targeting several nations, inflating tensions further in global trade. He issued letters proposing tariffs ranging from 20% to 30%. Meanwhile, Trump expressed optimism regarding trade talks with China and the EU but emphasized the complexity of current negotiations, suggesting they might take longer than anticipated. The extension of the negotiation deadline has created an opportunity for a potentially swift agreement, but complexities remain significant.
Trump announced additional tariffs, targeting six countries with rates ranging from 20% to 30%, igniting concerns over escalating trade tensions.
The EU aims for a trade deal with the US within days, with positive talks underway according to EU trade chief Maros Sefcovic.
Despite optimism from the EU, the Italian Economy Minister indicated that negotiations are complex and may extend beyond the expected timeline.
Trade discussions between the US and EU have improved, with Trump indicating a positive shift in relationships after previously strained interactions.
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