Archive · 24 Jul 2025
EU Optimistic on US Trade Deal: Agreement within Reach
The EU and US are trying to make a trade deal.
They're talking about tariffs, which are taxes on goods.
The EU thinks they're close to an agreement.
The US has suggested a 15% tariff, with some exceptions.
Both sides are talking and working on the details.
The EU is also ready to put taxes on US goods if they can't agree.
They are prepared to use powerful tools to protect their interests.
The EU believes a trade deal with the US is within reach, according to an EU trade spokesman.
A US proposal with a baseline tariff rate of 15% is on the table, with exemptions for sectors like pharmaceuticals and aircraft.
Top EU trade negotiator Maros Sefcovic spoke with US Commerce Secretary Howard Lutnick.
The EU is engaging with the US intensively at technical and political levels.
EU states approved counter-tariffs of up to 30% on $109 billion of US goods, effective August 7 if no deal is reached.
- Who
- EU trade negotiators and US Commerce Secretary Howard Lutnick.
- What
- The EU and US are negotiating a potential trade deal.
- When
- Discussions are ongoing, with EU states approving counter-tariffs effective from August 7 if no deal is reached.
- Where
- Between the EU and the US.
- Why
- To establish trade agreements and avoid potential tariffs.
EU's Perspective
US's Perspective
Trade Deal Stance
EU's Perspective
Negotiation and preparation for the event that the negotiations don't lead to the outcome they want.
US's Perspective
The US is pushing for trade advantages.
- Negotiation Status
- Ongoing
- Proposed US Tariff
- 15%
- EU Counter-Tariffs Approved
- Up to 30%
- Value of US Goods for Counter-Tariffs
- $109 billion
- EU Trade Spokesman
- Olof Gill
- Target Date for Counter-Tariffs
- August 7, if no deal