EU leaders convened in Brussels to discuss a new U.S. trade proposal as part of ongoing negotiations to avoid additional tariffs. The European Commission, led by President Ursula von der Leyen, expressed readiness to negotiate a trade deal but emphasized that all options remain open to defend EU interests. The U.S. has proposed a 10% baseline tariff on EU exports, prompting discussions on whether to pursue a quick agreement or risk a prolonged trade dispute. German leader Friedrich Merz advocated for a rapid deal, even if only an outline, to be finalized before July 9. The EU rejected U.S. demands to alter its Digital Markets Act, which affects American tech firms. French President Emmanuel Macron highlighted the importance of maintaining Europe’s competitiveness through balanced trade terms. Hungary and Slovakia opposed a separate EU proposal to phase out Russian energy imports, stalling the 18th sanctions package against Moscow. The summit also addressed broader issues, including sanctions on Russia and Middle East conflicts, reflecting the EU’s multifaceted diplomatic efforts.
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