Trump’s deadline, the definitions are waving on the horizon in Europe. Here things stand

All eyes are holding talks between the United States and the European Union, which has not yet reached a commercial deal with only days to go before Washington’s tariff became fully valid.

If commercial partners fail to reach an agreement by July 9-when US President Donald Trump ends to the so-called mutual definitions-goods in the European Union can reach the United States Duties up to 50 %. Revenge measures of the European Union targeting a A wide range of American goodsWhich is also temporarily developed, can be followed after that shortly after.

The commercial relationship of the United States and the European Union is one of the most important relationship in the world, as it represents about 30 % of the trading of global goods, according to European Council. Medical products, medicines, cars on roads and petroleum products are some of the best goods in circulation.

The European Council said that in 2024, the value of trade between the two partners was about 1.68 trillion euros ($ 1.98 trillion) when considering both goods and services.

The European Union recorded a surplus of 198 billion euros, when it comes to commodities, but it recorded a deficit of about 148 billion euros in the circulation of services – which means that the mass in general had a trade surplus of about 50 billion euros in 2024.

Trump has repeatedly A problem was taken with the commercial relationship between Washington and Brussels, which indicates that it is unfair and accusation European Union to benefit from the United States

The US-European Union negotiations seem to be difficult and slow in obtaining the land. sources CNBC had been told earlier this week that the bare political deal that illuminates the details may be the best hope for the European Union.

The European Commission’s President, Ursula von der Lin, seemed to repeat the opinion on Thursday.

“What we aim is is an agreement in principle,” she said, adding that a detailed agreement was “impossible” to reach it during its postponement period for 90 days.

Von Der Leyen also repeated that if an agreement is not reached, “all tools are on the table.”

Meanwhile, European Trade Commissioner Marus Sevkovic said in A. Social media yet He said on Friday that he had a “fruitful” week in Washington, DC, meeting various US officials.

“The work continues. Our goal remains unchanged: a good and ambitious commercial deal,” he said.

US Treasury Secretary Scott Payett seemed more frequent on the possibilities of a commercial agreement concluded before the deadline.

“We will see what we can do with the European Union,” CNBC told CNBC.

“The detailed agreement is what you say: a detailed. It can coincide with many pages, (because) full commercial agreements are thousands of pages, but what we can see is the heads of terms such as those that the United States signed with the United Kingdom.”

“This is possible, but I don’t think the actual content will be similar,” Gardner added.