French Finance Minister Eric Lombard has called for extending the deadlines of trade negotiations between the EU and the US, set to expire on July 9. This request arises from the need to reach a better deal.
Call for Extension of Negotiations
Finance Minister Eric Lombard has appealed for an extension of trade talks with the US after President Trump set a deadline of July 9. Lombard emphasized the importance of achieving a good agreement rather than rushing.
Expectations from the Agreement
Lombard also raised the possibility of including energy in the trade agreement and suggested that the EU might boost its imports of US gas to compensate for supply previously received from Russia. European officials anticipate that a potential deal could include a 10% 'reciprocal' tariff imposed by the US last month.
US Position on Negotiations
US President Donald Trump stated he is open to extending negotiations with other countries prior to the tariffs taking effect on July 9. He also noted that this may not be necessary if negotiations are successful. Trump mentioned that trade talks are ongoing with 15 countries, including the EU, and letters detailing trade agreement terms will be sent in the coming weeks.
French Finance Minister Eric Lombard and US President Donald Trump have expressed differing expectations regarding trade between their nations. An extension of negotiation periods could open new opportunities for reaching the long-awaited deal.
