Micheál Martin stated that negotiations continue regarding future trade arrangements between the US and the European Union as the Wednesday deadline approaches. He expressed optimism that an outline agreement could be reached during this timeframe, yet acknowledged several key issues remain unresolved. Martin emphasized that even with a framework agreement, extensive negotiations would still be necessary. The EU aims to finalize a trade deal with President Trump by the looming deadline, despite recent delays regarding universal tariffs.
Micheál Martin said both sides continue to negotiate the "fine detail" of future arrangements. We remain hopeful that the US and the European Union can agree an outline agreement or framework principle agreement this week. There are certain realities that probably will emerge from this that will have impact - and are having impact - on a number of sectors.
We remain hopeful that the US and the European Union can agree an outline agreement or framework principle agreement this week. There's still a number of issues to negotiate, nothing has been rejected, definitively.
But what it does illustrate, though, that even if a framework agreement is arrived at, there would be a lot of negotiations subsequently. So therefore, whilst it would create some degree of clarity in terms of where we are in the short term, there would still be a number of issues outstanding.
The EU is holding firm to a goal of doing a trade deal with US president Donald Trump by Wednesday, despite Washington's last-minute decision to postpone a deadline to strike a deal on universal tariffs until August.
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