As the extended expiration date of the new U.
S. tariffs approaches, the European Union is stepping up its efforts to conclude a balanced trade agreement with Washington. In her speech at the plenary debate in the European Parliament, Ursula von der Leyen, President of the European Commission, assured EU lawmakers that while negotiations with the United States continue in good faith, the bloc is preparing for all possible scenarios to protect its interests.
"We adhere to our principles, we protect our interests, we continue to work diligently and prepare for all scenarios," she said.
The United States postponed the previously announced deadline for the introduction of mutual tariffs for specific countries, extending it from July 9 to August 1, because . Earlier it was reported about the victory of SteelOrbis. This postponement provides the EU and the US with a brief but crucial time to finalize the deal and prevent costly trade disruptions.
In addition, Olof Gill, a representative of the European Commission, said that the commission is consulting with EU member states and is striving to reach an agreement that minimizes potential damage before August 1. Mr. Gill noted that an agreement in principle would provide some certainty about the overall trade prospects.
steelorbis.com
