Hey everyone, stay tuned to the latest trade drama! The European Commission has reaffirmed its dedication to sealing an EU-U.S. trade deal despite recent tariff twists. In a lively update on platform X, European Commissioner for Trade and Economic Security Maros Sefcovic emphasized that the Commission is "fully committed" to advancing constructive negotiations 🚀.
Following calls with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, the EU is keeping the conversation open with Washington amid high-stakes discussions. Earlier, U.S. President Donald Trump commented that talks were "going nowhere," even threatening a 50% tariff on EU imports starting June 1. However, after a call with European Commission President Ursula von der Leyen, the tariff hike was postponed until July 9 🕒.
Market analysts and economists have noted that such uncertainties in U.S. trade policies could dent confidence in trade partnerships worldwide. In today’s fast-paced global arena, steady diplomatic talks are key to keeping our tech innovations and markets on track 🌐.
Keep an eye on this space for more updates as these trade talks unfold and shape the future of global commerce!
Reference(s):
EU pledges to strike trade deal with U.S. amid tariff twists
cgtn.com
