EU is racing to secure US trade deal

UNDER PRESSURE

- Alberto Nardelli July 21

EUROPEAN UNION AND US negotiators are heading into another week of intensive talks, as they seek to clinch a trade deal by August 1, when US President Donald Trump has threatened to hit most EU exports with 30% tariffs.

Officials in Brussels are prepared to stomach an unbalanced agreement that favors the US if that's what is required to break the impasse before the deadline. But the two sides have yet to yield a decisive breakthrough despite an earlier round of negotiations in Washington last week, sources said.