The US and EU have 48 hours to resolve a looming trade dispute to prevent Donald Trump from imposing billions of dollars in tariffs. A 90-day pause on the Liberation Day import taxes is expiring, risking 50 percent tariffs on EU goods. European leaders are divided; some propose pursuing a UK-style trade deal, while others advise that the EU should demand a more comprehensive agreement. Trump's earlier tariffs included a 20 percent tax on all EU-made products but were temporarily paused until July.
The European Union and the United States have just 48 hours to resolve a trade dispute or face Donald Trump unleashing billions of dollars worth of transatlantic tariffs.
A 90-day pause on the imposition of the US president's so-called Liberation Day import taxes expires on Wednesday, leading to potential 50 percent tariffs on goods sold in the US.
A split has emerged in the bloc, with some urging European trade commissioner Maros Sefcovic to pursue a UK-style deal to resolve the trade dispute.
Some EU leaders believe Brussels should use its clout to secure a more comprehensive agreement than the thin UK-US deal agreed by Sir Keir Starmer.
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