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flag EU and US rush to finalize a trade deal by August 1 to avoid harmful tariffs on both sides.

flag The EU is working to finalize a trade deal with the US by the August 1 deadline to avoid new tariffs. flag EU officials, including President Ursula von der Leyen, prefer a negotiated settlement but are prepared to retaliate if needed. flag The US has threatened tariffs on imports, including copper and pharmaceuticals, which could affect EU exports. flag Though progress has been made on a joint statement, key issues like existing tariffs remain unresolved. flag An agreement in principle could be reached soon, but EU regulatory autonomy is non-negotiable.

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