Ursula von der Leyen said EU received latest trade proposal from US

European Commission President Ursula von der Leyen announced that the EU has received the latest trade proposal from the US, though the specifics of Washington's demands remain undisclosed. She said the bloc is carefully reviewing the offer and is prepared for either an agreement or no deal at all. At the same time, she stressed that Europe will stand firm in defending its interests.

A July 9 deadline established by Donald Trump to resolve the tariff dispute is fast approaching. If no deal is reached, the 10% duties on European goods could jump to 20%. However, US Treasury Secretary Scott Bessent stated that extensions might be granted for the countries that negotiate in good faith.

European officials believe the 10% tariffs are inevitable no matter how the situation unfolds. The bloc is already grappling with 25% duties on its exports of cars, steel, and aluminum to the US. According to Reuters, the restrictions could soon extend to other vital EU sectors, including semiconductors and pharmaceuticals.