EU Rushes to Strike Trade Deal in Washington
EU trade chief Maros Sefcovic is planning to sit down with his counterparts today in Washington as the bloc rushes to strike a deal before a July 9 deadline, after which tariffs on nearly all its exports to the US could jump to 50%. The bloc is confident the gathering with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will produce at least an interim deal to allow for talks to continue beyond the deadline. The EU is willing to accept a trade arrangement that includes a 10% universal tariff on many of its exports to the US, but it is also preparing to retaliate if talks fail. Separately, Ursula von der Leyen and EU commissioners are visiting Denmark to mark the start of its rotating presidency of the bloc.
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Forbes
12 minutes ago
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Associated Press
13 minutes ago
- Associated Press
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Yahoo
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Factbox-Trump letters and who's talking: State of play as tariff deadline nears
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THAILAND Thailand is making a last-ditch effort to avert a 36% tariff by offering greater market access for U.S. farm and industrial goods, along with increased purchases of U.S. energy and Boeing jets, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday. Thailand's proposals have included reducing its own tariffs, purchasing more American goods and increasing investments. Thailand's initial proposal included measures to enhance market access for U.S. exports and tackle transshipment violations, as well as Thai investment that would create U.S. jobs. Bangkok said also pledged to import more U.S. natural gas and cut tariffs on imports of corn from the United States. SWITZERLAND Switzerland is exploring what concessions it can make to avert a 31% tariff rate on goods it ships to the U.S., including granting the U.S. greater market access for produce like seafood and citrus fruits. But as home to pharmaceutical giants Roche and Novartis, both big U.S. investors, Switzerland also wants assurances that it can avert pharmaceutical tariffs that Trump has threatened to impose at a later date.
