Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
Investing.com -- The European Commission and the U.S. administration are working to reach a trade agreement before a key deadline next month, according to EU officials.
European Commission President Ursula von der Leyen and U.S. President Donald Trump had a "good exchange" on Sunday, a Commission spokesperson said on Monday during a daily press briefing.
The spokesperson emphasized that the EU’s goal remains to secure a trade deal with Washington by July 9, stating: "We want to reach a deal with the U.S. We want to avoid tariffs. We believe they cause pain. We want to achieve win-win outcomes, not lose-lose outcomes."
According to the Trump administration, trading partners who fail to reach an agreement by July 9 will receive notification letters about higher tariffs scheduled to take effect on August 1.
The discussions come as both sides work to prevent potential trade disruptions that could impact economies on both sides of the Atlantic.
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