EU closing in on ‘framework’ trade deal with US to avoid Trump’s 50% tariffs

July 3, 2025

The EU and US are closing in on a high-level “framework” trade deal that would avert 50% tariffs on all exports from the bloc next Wednesday, Donald Trump’s self-imposed deadline.

Talks in Washington could go down to the wire, but diplomats and officials said the EU was willing to accept Trump’s 10% blanket tariffs.…

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