In a bold move amid tariff twists, EU officials have reiterated their commitment to striking a trade deal with the U.S. European Commissioner for Trade and Economic Security, Maros Sefcovic, took to social media platform X, declaring that the European Commission remains "fully committed" to constructive and focused efforts. This determination comes right after high-level calls with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer.
On Friday, U.S. President Donald Trump warned that talks were "going nowhere" and even threatened a hefty 50% tariff on all EU imports starting June 1. However, following a Sunday call from European Commission President Ursula von der Leyen, the planned tariff hike has now been postponed until July 9, giving both sides a bit more breathing room.
Economists and market analysts have criticized the unpredictability of U.S. trade policies, noting that such volatility shakes investor confidence. It’s kind of like riding a roller coaster with unexpected twists—thrilling yet nerve-wracking! 🚀
Despite the drama, EU leaders are keeping the conversation alive and remain focused on reaching a mutually beneficial deal. Stay tuned as this trade saga unfolds—it's shaping up to be a real cliffhanger for the global economic stage!
Reference(s):
EU pledges to strike trade deal with U.S. amid tariff twists
cgtn.com
