May 27, 2025
1 min read

EU Vows US Trade Deal

European Commission President Ursula von der Leyen phoned Trump on Sunday, after which he agreed to postpone the planned tariff increase until July 9….reports Asian Lite News

The European Commission remains “fully committed” to reaching a trade deal with the United States amid tariff twists, according to a senior European Union (EU) official.

In a Monday post on social media platform X, European Commissioner for Trade and Economic Security Maros Sefcovic wrote: “The European Commission remains fully committed to constructive and focused efforts at pace towards an EU-US deal,” adding that Brussels would continue to stay in constant contact with Washington.

His remarks followed his calls with US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer, Xinhua news agency reported.

On Friday, US President Donald Trump said talks with the 27-member bloc were “going nowhere” and threatened to impose a 50 per cent tariff on all EU imports from June 1.

Washington, Mar 05 (ANI): President Donald Trump addresses a joint session of Congress, at the U.S. Capitol in Washington on Tuesday. (ANI Photo)

Trump was upset by the lack of progress in trade talks with the EU, which has proposed mutually cutting tariffs to zero even as the President has publicly insisted on preserving a baseline 10 per cent tax on most imports.

“Our discussions with them are going nowhere!” Trump posted on Truth Social.

European Commission President Ursula von der Leyen phoned Trump on Sunday, after which he agreed to postpone the planned tariff increase until July 9.

Economists and market analysts have also criticised the unpredictability of US trade policies, noting that such volatility undermines confidence in the US as a reliable trading partner.

Previous Story

ASEAN Unveils 2045 Vision

Next Story

India Targets Pak Terror Ties in Guyana

Latest from -Top News

Kenyans put president on notice

Kenya’s fifth president became a remarkably unpopular leader barely two years into his presidency after proposing aggressive tax measures that many saw as a betrayal of his campaign promise to support working-class

World Bank grants South Africa a $1.5 bn loan

Deteriorating rail systems, jammed ports and frequent blackouts have hindered vital industries like mining and auto manufacturing in South Africa, contributing to slow economic growth over the last decade in Africa’s most

Judge halts Trump from dismantling USADF

Congress established USADF as an independent agency in 1980, with the mandate to support economic development initiatives in AfricaXXX In a significant legal development, a federal judge in Washington, DC, has temporarily

BRICS Bank Welcomes Colombia, Uzbekistan

The bank’s Board of Governors approved the accession of the two countries, bringing the total membership to 11….reports Asian Lite News Colombia and Uzbekistan have joined the New Development Bank (NDB), expanding
Go toTop

Don't Miss

Air quality in Delhi-NCR still in ‘severe’ category

Thereafter, it will remain within “very poor” category as surface

India’s Construction Sector Aims for Top 3 Spot

Quoting the statistics about the country’s urbanisation demands, Hardeep Singh