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EU countries push for swift trade deal with Donald Trump

by Investor News Today
May 26, 2025
in Market Updates
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EU countries push for swift trade deal with Donald Trump
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A number of EU governments have signalled they need a fast cope with the US to go off Donald Trump’s risk of fifty per cent tariffs on the bloc, urging the European Fee to maintain speaking to Washington slightly than taking the trail of confrontation.

Italian Prime Minister Giorgia Meloni had an emergency name with Trump hours after the US president delivered his risk on Friday, Italian officers stated.

They added that Meloni subsequently spoke to fee president Ursula von der Leyen, calling on her to resolve variations with Trump via negotiations.

Meloni has tried to function a bridge between Washington and Brussels, primarily based on her sturdy rapport with each leaders.

The Brussels physique added that the Italian chief was one among a number of EU leaders who spoke to the fee president on the weekend.

Von der Leyen then persuaded the US president to delay the elevated levies by greater than a month to July 9 in a cellphone name on Sunday.

France, Spain, Eire and Belgium have additionally welcomed the bid to speed up talks and keep away from escalation of the transatlantic commerce warfare.

Trump stated in a put up on his Reality Social community he had been advised by von der Leyen that “talks will start quickly”. He added that it was his “privilege” to delay the elevated tariffs from the earlier date of June 1.

Meloni, who has established a rapport with each Trump and von der Leyen, has additionally proposed a summit between leaders of the massive EU economies, prime fee officers and the US president subsequent month to defuse tensions.

Trump is because of go to the Netherlands for the Nato summit on June 24-25, a visit that might present a chance for additional face-to-face talks.

In feedback on Monday, French President Emmanuel Macron welcomed the “good trade” between Trump and the fee president. “I hope we will proceed on this highway and return to the bottom attainable tariffs that can enable for fruitful exchanges,” he advised reporters on a go to to Vietnam.

José Manuel Albares, Spain’s overseas minister, added that the cellphone name meant talks had been going within the “proper course”, whereas his Irish counterpart Simon Harris, whose nation’s pharmaceutical trade is uncovered to potential new US tariffs, referred to as for a deal to “defend jobs and funding”. 

Belgium, whose comparatively small financial system is reliant on exports, additionally welcomed von der Leyen’s “constructive” method.

Von der Leyen’s spokeswoman Paula Pinho stated that the fee president and Trump had agreed to “fast-track” talks, with a second name in 4 days between their two lead negotiators on Monday.

EU commerce commissioner Maroš Šefčovič is scheduled to talk to Howard Lutnick, commerce secretary.

Whereas the fee conducts commerce coverage, Pinho stated von der Leyen was in “common contact” with EU leaders to hunt their views. The fee president made no point out of defending EU pursuits, a line utilized by Šefčovič after he has talked to US counterparts. 

Really helpful

Headshots of Ursula von der Leyen and Donald Trump

Member states have authorised a €21bn bundle of as much as 50 per cent tariffs on US items reminiscent of maize, wheat, bikes and clothes, which can kick in on July 14 with no deal. The fee can be consulting member states on a €95bn listing of different targets, together with Boeing plane, automobiles and bourbon whiskey.

When Trump made his risk of fifty per cent tariffs on EU imports on Friday he stated the bloc had not made sufficient progress responding to US calls for to chop its commerce surplus.

He initially introduced 20 per cent on EU imports on April 2, his self-styled “liberation day”, however halved them later that very same month in the course of a 90-day negotiation interval because of finish on July 9.

Extra reporting by Laura Dubois in Brussels



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