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US President Donald Trump attends a press conference in Washington, Colombia, June 27, 2025.
Hu Yuson | Newhua News Agency | Gets the image
All views go to negotiations between the US and the European Union, which still have to conclude a trading transaction in just a few days before the tariffs on Washington entered the full activity.
If trading partners do not reach an agreement until July 9, 90-day address to so-called US President Donald Trump’s so-called Mutual tariffs may be affected by EU goods imported in the US Duties up to 50%. Lacking measures with EU targeting A wide range of US goodsWhich were also temporarily stopped, they may later follow.
US-ES-one-one-one trading relationship European Council. Medicinal and pharmaceutical products, road vehicles and petroleum products are some of the most popular goods.
In 2024, trade between two transatlantic partners was estimated at approximately 1.68 trillion euros ($ 1.98) in accounting for goods and services, said the European Council.
The EU recorded surplus 19 billion euros when it comes to goods, but entered a shortage of about 148 billion euros in the services of services – that is, the total trade surplus was about 50 billion euros in 2024.
Trump has repeatedly The question arose with the trade relationship between Washington and Brussels, believing it is unfair and charge EU take advantage of the US
Slow negotiations
US-EU negotiations look complex and slow to get position. Sour Earlier this week, CNBC said that a political transaction with naked bones that illuminate details could become the best Hope of the EU.
The President of the European Commission Ursul von der Leyen seemed to repeat the opinion on Thursday.
“What we strive for is the agreement in principle,” she said, adding that the detailed agreement is “impossible” to achieve during a 90-day refund.
Von der Leyen also confirmed that if the agreement is not reached, “all the tools are on the table.”
Meanwhile, European trade commissioner Moros Sefkovich said Message in social media On Friday, they said in Washington a “productive” week in Washington.
“The work continues. Our goal remains unchanged: a good and ambitious transatlantic deal,” he said.
US Treasury Minister Scott Igent seemed more indecisive about the chances that the final agreement on the trade agreement was expired.
“We will see what we can do with the European Union,” he said on Thursday, “Squawk on the street” CNBC.
Does the deal go?
Experts who talked to CNBC looked skeptical about the short -term probability of a full transaction.
On Friday, Anthony Gardner, a former US ambassador to the EU, said CNBC “Squawk Box Europe” that he was “not surprised” by background der Leyen excluded the possibility of the whole deal.
“The detailed agreement is what is written: in detail. It may face many pages, (because) full trade agreements are thousands of pages, but what we could see is the leaders of such a term as the US signed with the UK,” he said.
“So, it is possible, but I don’t think the true content will be similar,” Gardner added.
Karsten Nickel, head of Teneo, went a step further, saying that the broad agreement was the “best result” that the EU could achieve.
The initial transaction should strive to win the time for further negotiations and include the EU’s adoption of 10% basic tariff from the US, he said by phone CNBC, explaining that this could allow further conversations about subjects such as industry releases.
However, uncertainty will remain, even if such an agreement is registered, Nickel suggested.
“We will be in a world where, regardless of what the agreement would be reached, will remain the subject of intensive negotiations and remain under the threat that the US has changed its mind by losing patience in other directions and so on,” Nickel said.
Next week, he does not see that imposing measures that invest when Trump did not dissolve full tariffs.
“And even then, I think the EU will be steadily walking,” Nickeel concluded.
