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With a trade standoff looming, President Trump has given the European Union a lifeline by delaying planned tariffs on imports until July 9. This unexpected move has triggered a sprint to negotiate a deal.
The delay was announced following a positive exchange between Trump and EU chief Ursula von der Leyen. Now, trade envoys are working around the clock to avert economic disruption.
France and Italy are at the forefront of EU efforts to minimize barriers. Brussels’ proposal to eliminate tariffs on vehicles and industrial exports could serve as the framework for a breakthrough agreement.