empty
 
 
EU races to seal trade deal with US before deadline
10-07-2025 14:33
EU races to seal trade deal with US before deadline
EU races to seal trade deal with US before deadline

On Sunday, European Commission President Ursula von der Leyen and US President Donald Trump had what was officially described as a "very good exchange of views." What exactly that entailed remains a mystery left to the press office, but the phrasing sounded diplomatic enough.

On Monday, a European Commission spokesperson clarified the bloc's objective: the EU still aims to clinch a trade deal with the United States by July 9. The goal is to sidestep the pain of tariffs, which Brussels considers mutual and entirely avoidable.

"We want to reach a deal with the US. We want to avoid tariffs. We believe they cause pain. We want to achieve win-win outcomes, not lose-lose outcomes," the spokesperson told reporters during the Commission's daily briefing. This was an apparent reminder to Washington that dialogue is better than trade wars.

Meanwhile, the US administration remains unfazed. According to officials, reminder letters about the impending tariffs will be sent to all nations that fail to reach an agreement by the deadline. Starting August 1, there will be no turning back—the new tariff season begins, with no exceptions or extensions.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback