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EU and US Near Trade Agreement Amid Tariff Concerns

Updated: 2025-09-07 10:06 BST
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Top Lines
- EU and US officials are finalizing a trade agreement to resolve tariff disputes.
- European Commission President Ursula von der Leyen and US President Donald Trump have engaged in constructive discussions.
- A preliminary deal could be announced as early as Wednesday, easing market concerns.

What Happened
On September 7, 2025, European Commission President Ursula von der Leyen and US President Donald Trump held a positive call, described as a "good exchange," to discuss the ongoing trade negotiations. EU spokesman Olof Gill indicated that negotiations are progressing well, with a preliminary trade deal expected to be announced as soon as Wednesday. This development follows the exclusion of the Eurozone from President Trump's latest tariff threat letters, alleviating immediate trade concerns. (finveo.com)

Why It Matters
- Market Stability: The potential agreement is expected to reduce market volatility caused by tariff uncertainties.
- Economic Impact: A resolution could prevent further economic disruptions in both the EU and US economies.
- Political Relations: Successful negotiations may strengthen transatlantic relations and set a precedent for future trade discussions.

Key Numbers / Facts
- The EU economy is projected to grow by 0.9% in 2025, down from a previous forecast of 1.3%, partly due to trade tensions. (fintel.io)
- The US has imposed 25% tariffs on steel, aluminum, and auto imports from the EU. (fintel.io)

Timeline (Today, 2025-09-07)
- 09:00 BST: EU and US officials hold a positive call regarding trade negotiations.
- 09:30 BST: EU spokesman Olof Gill announces progress in negotiations and anticipates a preliminary deal by Wednesday.

Sources
- Finveo – Daily Analysis 09/07/2025 — published 2025-09-07 09:00 BST
- Europarl – Debate EU-US Trade Relations — published 2025-07-07 14:37 BST
- Consilium – Foreign Affairs Council (Trade) — published 2025-07-14 10:00 BST