On the 4th local time, EU diplomats stated that their negotiators were unable to make a breakthrough in the US-EU trade talks, and negotiations are expected to continue until the weekend. The EU negotiators expressed their hope that if a broader trade agreement cannot be reached, they would like to ensure that the period for the United States to postpone tariffs is extended.
It is reported that the scale of the EU’s second round of retaliatory measures has been reduced from the initial $95 billion to $72 billion.
EU diplomats mentioned that the US threat could lead to a 17% tariff on EU agricultural exports. (CCTV News, Song Liang)
Trump’s tariff policies have impacted the global economy.