Under Trump pressure, EU seeks deal to end trade standoff

Yahoo Finance
2026.05.19 19:56
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The EU is in late-night negotiations to finalize a trade pact with the US, pressured by President Trump, who threatens new tariffs if an agreement isn't reached by July 4. The pact, established last year, sets tariffs on European goods at 15%. EU negotiators aim to resolve outstanding issues to avoid escalating trade tensions, with various political factions within the EU parliament pushing for a compromise.