The European Union (EU) believes trade negotiations with the US could extend beyond President Donald Trump’s July 9 deadline, even as the speed of the talks has increased over the past week.
The EU sees reaching an agreement on the principles of a deal by July 9 as a best-case scenario, which would allow further talks to work out the details, according to people familiar with the matter.
The US is expected to respond to the latest round of negotiations in the coming days and provide clarity on the next steps.
The transatlantic allies have been rushing to clinch a deal before the July deadline, when Washington will hit nearly all the bloc’s exports with a 50% tariff, likely triggering retaliation.
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