Micheál Martin confirmed ongoing negotiations regarding future trade arrangements between the US and EU, under pressure from potential tariff increases. He expressed optimism that an outline or framework agreement could be achieved within the week despite several unresolved issues. Martin supported the notion of reaching an agreement to provide certainty for consumers and businesses. He acknowledged that even if a framework agreement is reached, significant negotiations would follow to address remaining trade issues, particularly as the EU pushes for a deal before the upcoming deadline.
Micheál Martin stated that both sides continue to negotiate the fine detail of future arrangements amid pressure from the Trump administration threatening increased tariffs.
Mr. Martin expressed hope that the US and European Union could agree on a framework principle agreement this week, despite many outstanding issues that require further negotiation.
He noted that while a framework agreement could provide short-term clarity, significant negotiations would still be necessary to address various trade-related issues.
The EU aims to achieve a trade deal with the US by a specified deadline, despite the US postponing discussions on universal tariffs until August.
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