It wasn’t immediately clear if the EU would be able to secure tariff reductions for particular industries, such as automotive or steel, a key demand from member states including Germany. The EU currently faces 25% tariffs in the automotive sector and 50% tariffs on steel and aluminum.

The U.S. and the European Union have not yet struck a trade deal with just days to go before Trump's tariff reprieve is set to end.

President Donald Trump is set to inform trade partners about new U.S. tariffs, effective August 1. This move underscores his preference for straightforward actions over complex negotiations, as the deadline for agreements looms.