Think trade negotiations are boring? Think again! The EU and U.S. are locked in a high-stakes chess match ⚡️, with Brussels doubling down on efforts to secure a deal before new tariffs kick in this summer.
European Commissioner Maroš Šefčovič fired up Twitter (sorry, X 🔵) this week with a bold promise: "We’re all-in on getting this done fast" 💪. But here’s the plot twist – former U.S. President Trump just threatened to slap 50% tariffs on all EU imports 🚫📦, only to backtrack days later after a call with EU chief Ursula von der Leyen.
Why the drama? Analysts say the U.S.’s "will-they-won’t-they" approach to trade policy is giving whiplash to markets 📉📈. One London-based strategist told us: "It’s like trying to predict TikTok trends – exhausting and unpredictable" 🎢.
Mark your calendars: The new deadline is July 9 📅. Will these economic heavyweights strike a deal, or are we heading for a tariff-fueled summer showdown? Stay tuned! 🔥
Reference(s):
EU pledges to strike trade deal with U.S. amid tariff twists
cgtn.com