EU Weighs Options Amidst Looming Tariff Deadline

News Snapshot:

European Commission President Ursula von der Leyen announced that the EU has received the latest U.S. document for ongoing tariff negotiations but withheld specifics about Washington's demands. Following a summit in Brussels, she affirmed that 'all options remain on the table.' Von der Leyen emphasized the EU's readiness to finalize a deal, while simultaneously preparing for the possibility of negotiations failing. The U.S. Trade Representative's office has not commented on the new proposal. Recent discussions have been overshadowed by U.S. priorities such as Iran's nuclear program and trade talks with China. The EU faces a July 9 deadline set by...