EU-Trump Duties Deal: UK-US Trade & Latest News
- President Donald Trump, attending the G7 summit, finalized a commercial agreement with Great britain.
- with a proposal regarding duties, while also preparing potential retaliatory measures.
- According to Handelsblatt, a German economic newspaper, Brussels is willing to accept a 10% duty on all EU exports to the U.S.
President Trump secured a new trade deal with Great Britain, signaling a shift in global commerce.Simultaneously, the European Union proposed a tariff agreement to the U.S., aiming to avert a potential trade war. The EU is considering a fixed 10% duty on exports to the U.S., but negotiations are ongoing. Key figures like Ursula von der Leyen and Trump have set a July 9 deadline to finalize the details. The implications reach far, touching automobiles, electronics, and pharmaceuticals, potentially reshaping transatlantic economic relations. Brussels seeks to lower duties on U.S.-made vehicles. This complex situation underscores the delicate balancing act of international trade. the EU could enact retaliatory measures if an agreement isn’t reached.For more insights, News Directory 3 provides in-depth coverage of these developments. Discover what’s next as the deadline looms and global markets watch closely.
Trump Signs UK Trade Deal; EU Offers Tariff agreement to Avert Trade War
Updated June 16, 2025
President Donald Trump, attending the G7 summit, finalized a commercial agreement with Great britain. This marks the first such agreement following a period of trade friction during his second term.
Meanwhile, the European Union has presented the U.S. with a proposal regarding duties, while also preparing potential retaliatory measures. This offer surfaced shortly after a meeting between European Commission President Ursula von der Leyen and Trump at the G7 summit in Canada.Treasury Secretary Scott Besent and U.S. Trade Representative Jamieson Greer were part of the U.S. delegation.
According to Handelsblatt, a German economic newspaper, Brussels is willing to accept a 10% duty on all EU exports to the U.S. to avoid higher tariffs on automobiles, pharmaceuticals, and electronics. EU officials indicated that this offer is conditional and not permanent.
In exchange, the EU woudl lower duties on U.S.-made vehicles and ease regulatory hurdles for American car sales in Europe. The EU also proposed a complete ban on Russian natural gas purchases, potentially boosting demand for U.S. liquefied natural gas (LNG). EU sources said the aim is to create a thorough package that Trump can present as a “significant political victory.” Reducing bureaucratic and regulatory burdens, such as streamlining the Directive on Due Diligence, is also under consideration.
Brussels is aware that Trump intends to use tariff revenues to fund tax cuts.However, U.S. negotiators have not yet agreed to cap import duties on EU cars at 10%. A European Commission spokesman stated that von der Leyen and Trump “agreed to continue the work to reach an agreement on the duties by July 9.” There was no confirmation regarding Brussels accepting a 10% fixed duty or any new meetings between EU Trade Commissioner Maroš Šefčovič and U.S. negotiators this week.
Von der Leyen reiterated the July 9 deadline ahead of the G7 summit, warning that if the outcome is unsatisfactory, “we will be able to answer: all the means are on the table,” referring to retaliatory measures worth up to 120 billion euros.she also urged the G7 to send a message against protectionism. “We are so deeply connected that the risks must also be managed together,” she said.”Because the duties, for example, do not have an impact only on exporters. They are like taxes, paid by families and businesses in the imported countries.”
She added, “So we keep trade among us fair, predictable and open. All of us must avoid protectionist measures. This is an critically important message that the G7 can send to the markets and the world. And we remain concentrated, together, on the real and structural challenges that require all our attention.”
What’s next
Negotiations between the U.S. and EU are expected to continue in the coming weeks, with both sides aiming to reach a resolution by the July 9 deadline to avoid escalating trade tensions and potential retaliatory measures.