Overview
- President Trump postponed planned additional tariffs on EU imports to August 1 and emphasized that the new deadline is not binding.
- He said he expects to send the EU a letter within two days that “means a deal,” without ruling out further tariff hikes.
- German exports to the United States fell 7.7 percent in May to €12.1 billion, the lowest monthly level since March 2022.
- EU negotiators remain divided over acceptable concessions and potential retaliatory measures as they head into final limited-scope talks.
- Global trade rose by $300 billion (1.7 percent) in the first half of 2025, yet analysts warn that prolonged tariff uncertainty could curb future growth.