US-EU trade talks remain uncertain after a July 9th deadline passed without a deal on tariffs imposed by President Trump. While Trump suggested a framework might be reached within days, sending a letter indicating a decision, the EU remains cautious. Commerce Secretary Lutnick indicated the EU made significant offers, potentially involving a 10% baseline tariff. European officials emphasized sticking to their principles and preparing for various outcomes, noting that ultimately American consumers would bear the brunt of any tariffs.

Prepared by Christopher Adams and reviewed by editorial team.