Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
The EU is negotiating a trade deal with the US, preparing for all scenarios as Trump extends tariff deadlines and targets other countries.
BRUSSELS (Reuters) -The European Union is working closely with U.S. President Donald Trump's administration to reach a trade deal, but Brussels is getting ready for all scenarios, European Commission President Ursula von der Leyen said on Wednesday.
"We stick to our principles, we defend our interests, we continue to work in good faith, and we get ready for all scenarios," von der Leyen told the European Parliament.
Trump signed an executive order on Monday extending the date on which so-called "reciprocal" tariffs will take effect to August 1.
The previous deadline had been Wednesday.
In a wave of letters, Trump has begun informing a range of trading partners from Japan to Myanmar of sharply higher tariffs on goods they sell into the United States.
But EU sources told Reuters the European Union would not be among the recipients of a similar letter.
(Reporting by Charlotte Van Campenhout; Writing by Makini Brice, Editing by Brussels bureau; Editing by Alison Williams)
The European Union is working closely with the U.S. administration to reach a trade deal while preparing for all scenarios.
Trump signed an executive order extending the date for reciprocal tariffs to take effect until August 1.
EU sources indicated that the European Union would not be among the recipients of a letter regarding sharply higher tariffs.
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