EU trade chief Maros Sefcovic expressed optimism for a trade deal with the US despite President Trump's threat of 30% tariffs on August 1. While Sefcovic believes an agreement is near, divisions exist within the EU on how to respond. France advocates a strong stance, while others prioritize maintaining the US defense relationship. The EU delayed retaliatory measures as a goodwill gesture, but prepared additional countermeasures if Trump's tariffs are implemented. Germany's chancellor urged intensive negotiations for a deal, warning of severe economic consequences if none is reached.

Prepared by Rachel Morgan and reviewed by editorial team.