"US-EU Expectation for Trade Deal Ahead of July Tariff Deadline"

There is growing expectation that the United States and the European Union (EU) may reach a trade agreement ahead of the high tariffs scheduled for July 9.

According to Bloomberg on the 27th (local time), Ursula von der Leyen, President of the European Commission, said at a closed meeting of European leaders the previous day, "An agreement could be reached to avoid economic shock." While the U.S. administration has delivered a new proposal this week, it is reported that EU leaders have also indicated a willingness to accept a certain level of trade imbalance.

President von der Leyen added, "We are prepared to reach an agreement, but we are also preparing retaliatory measures in case there is no satisfactory agreement, keeping all options open."

Meanwhile, U.S. Secretary of Commerce Howard Lutnick also stated in an interview with Bloomberg TV on the same day, "The EU is accelerating negotiations" and expressed optimism about a deal. He added, "The EU is the United States' largest trading partner, and, given the complexity of the relationship, this is an opportune time to conclude negotiations."