The European Union (EU) is stuck in limbo as uncertainty persists around when a trade agreement with the U.S. might be reached.
The goal had been to agree on a framework by July 9, when a temporary reprieve from U.S. President Donald Trump’s “reciprocal” tariffs was initially meant to expire. The EU was seemingly still working to this timeline earlier in the week.
But that deadline has now passed — without the trading partners coming to an agreement.
A framework may, however, still be established as soon as this week, Trump himself suggested Tuesday.
“We’re probably two days off from sending them a letter. We are talking to them,” he said, suggesting that a letter being sent would mean a deal, or decision on tariffs, has been reached.
