EU Officials Rush to Finalize US Trade Deal

• The EU is rushing to finalize a trade deal with the US before President Trump's July 4 deadline.
• Failure to finalize the deal could lead to Trump raising auto tariffs on EU imports from 15% to 25%.
• The underlying relationship between the EU and US is shifting, with neither side seeing the other as a reliable partner, complicating trade agreements.
• EU officials warn they will protect the bloc's interests if the US imposes new tariffs.

EU officials are racing to finalize a trade deal with the US before a July 4 deadline, facing potential new trade tensions. Delays stem from mutual accusations of non-compliance and geopolitical issues. Failure to reach an agreement risks President Trump imposing higher tariffs, particularly on European auto imports, leading to a potential 'deep freeze' in trade relations.