A final EU-US trade deal is “impossible” before July 9, so the two sides are aiming for a less detailed “agreement in principle”, European Commission president Ursula von der Leyen said on Thursday ahead of talks in Washington.
The EU and US are edging closer to a tentative agreement following almost three months of negotiations to avert Donald Trump’s threat to impose 50 per cent tariffs on goods from the EU next week.
“It’s a huge task because we have the largest trade volume globally between the EU and the United States, €1.5tn [annually] — very complex and a huge quantity,” she told a press conference.
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