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Jun 15, 2025
EU strives for US trade deal amid tariff disputes
The EU is scrambling to lock in a trade agreement with the US before July 9, hoping to dodge a new wave of tariffs. After a call between European Commission President Ursula von der Leyen and US President Donald Trump, planned tariff hikes on EU imports were put on hold—but only for now.
TL;DR
US tariffs on EU steel and aluminum already at 50%
US tariffs on EU steel and aluminum are already at 50%, worrying European manufacturers about what comes next. Negotiations are tricky since all 27 EU countries need to agree, but talks have sped up after Trump's latest threats. EU Trade Commissioner Maros Sefcovic is in ongoing discussions with US officials. Discussions on big global issues like the Middle East and Ukraine were part of von der Leyen's conversation with Trump.