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EU to 'fast track' trade negotiations with US
Business Standard
|May 27, 2025
Trump has extended 50% tariff deadline until July 9
The European Union said it agreed to accelerate negotiations with the US to avoid a transatlantic trade war, signaling a more amicable approach just days after President Donald Trump criticised the bloc for taking advantage of the US and slow-walking talks.
"There's now a new impetus for the negotiations," Paula Pinho, a spokeswoman for the European Commission, told reporters on Monday, a day after Commission President Ursula von der Leyen spoke with Trump by phone. "They agreed both to fast track the trade negotiations and to stay in close contact."
Following the call, Trump extended the deadline to hit the EU with 50 per cent tariffs by more than a month to July 9 to allow for more negotiations. "We had a very nice call and I agreed to move it," Trump told reporters on Sunday.
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