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    Home > Headlines > EU received 'latest' trade proposal from US, von der Leyen says
    Headlines

    EU received 'latest' trade proposal from US, von der Leyen says

    Published by Global Banking & Finance Review®

    Posted on June 26, 2025

    2 min read

    Last updated: January 23, 2026

    EU received 'latest' trade proposal from US, von der Leyen says - Headlines news and analysis from Global Banking & Finance Review
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    Tags:European Commissionfinancial marketsInternational trade

    Quick Summary

    The EU has received a new trade proposal from the US, as a tariff-reducing deal deadline approaches. EU officials are assessing the proposal, with potential tariff increases looming.

    EU Acknowledges Receipt of Latest US Trade Proposal for Negotiations

    By Philip Blenkinsop

    BRUSSELS (Reuters) -European Commission President Ursula von der Leyen said on Thursday the EU had received the "latest U.S. document" for further negotiations on tariffs but did not reveal details of Washington's demands.

    "All options remain on the table," she told reporters following a EU summit in Brussels.

    "We are assessing it," von der Leyen said of the U.S. proposal. "Our message today is clear. We are ready for a deal. At the same time, we are preparing for the possibility that no satisfactory agreement is reached."

    She said that the EU would "defend the European interest as needed."

    The U.S. Trade Representative's office did not immediately respond to a request for comment on the latest U.S. proposal.

    The U.S. and EU have held a number of negotiating sessions in recent weeks, but the Trump administration's attention has shifted to the conflict over Iran's nuclear program and keeping a trade truce with China on track.

    A July 9 deadline set by U.S. President Donald Trump for the EU and other countries to reach a tariff-reducing deal with the U.S. is fast approaching.

    Under Trump's "reciprocal" tariffs announced in April, the temporary 10% additional duty on EU imports would double to 20% if no deal is reached by the deadline.

    U.S. Treasury Secretary Scott Bessent has said that negotiating deadlines on some countries negotiating in good faith could be extended.

    European officials are increasingly resigned to a 10% rate on "reciprocal" tariffs being the baseline in any trade deal between the United States and the European Union, sources familiar with the talks have told Reuters.

    But the EU also is saddled with Trump's 25% tariffs on autos, steel and aluminium and could face additional sectoral duties on semiconductors and pharmaceuticals.

    Separately, French President Emmanuel Macron on Thursday told reporters that France wants a quick and pragmatic trade deal with the U.S., but that his country would not accept terms that were unbalanced.

    If the U.S. baseline tariff rate of 10% remained in place then Europe's response would have to have an equivalent impact, he added.

    The European Commission, led by von der Leyen, sets trade policy for France and other EU countries.

    (Reporting by Philip Blenkinsop; Writing by Julia Payne; Editing by Benoit Van Overstraeten and Jamie Freed)

    Key Takeaways

    • •EU received a new trade proposal from the US.
    • •Ursula von der Leyen emphasizes readiness for a deal.
    • •July 9 deadline for tariff-reducing deal approaches.
    • •Potential increase in US tariffs on EU imports.
    • •France seeks balanced trade terms with the US.

    Frequently Asked Questions about EU received 'latest' trade proposal from US, von der Leyen says

    1What did Ursula von der Leyen say about the US trade proposal?

    Ursula von der Leyen stated that the EU received the 'latest U.S. document' for further negotiations and emphasized that all options remain on the table.

    2What is the deadline for reaching a tariff-reducing deal?

    A deadline set by U.S. President Donald Trump is approaching on July 9 for the EU and other countries to reach a tariff-reducing deal with the U.S.

    3What are the potential consequences if no deal is reached?

    If no deal is reached by the deadline, the temporary 10% additional duty on EU imports could double to 20% under Trump's 'reciprocal' tariffs.

    4What stance did French President Emmanuel Macron take?

    French President Emmanuel Macron expressed that France desires a quick and pragmatic trade deal with the U.S., but will not accept unbalanced terms.

    5What tariffs is the EU currently facing from the U.S.?

    The EU is currently facing Trump's 25% tariffs on autos, steel, and aluminum, along with potential additional duties on semiconductors and pharmaceuticals.

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