Overview

• President Trump said he will dispatch letters this week specifying the tariff rates each trade partner will face without a framework agreement.
• The 10 percent suspension on most EU imports is set to lapse July 9, after which duties could climb to as much as 20 percent on EU goods.
• EU Trade Commissioner Maroš Šefčovič and U.S. representatives described their Washington meetings as productive but left without a preliminary deal.
• Brussels diplomats indicate EU negotiators may pursue a moratorium extension to avert immediate tariff increases.
• Export-dependent member states, particularly Germany, are pressing for swift relief as higher duties threaten key industries from autos to steel.