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A high-stakes trade game unfolds in Brussels: Europe signals readiness for a new deal with President Trump just as the U.S. quietly finalizes an agreement with China.

Decision Deadline: July 9 — Or Tariffs Begin
The European Union has confirmed it is ready to sign a new trade deal with President Donald Trump. The reason? Time is running out. Trump has threatened to impose new tariffs on July 9 if no agreement is reached.
During Thursday’s summit in Brussels, a new U.S. proposal was handed to European Commission President Ursula von der Leyen, who promptly shared it with EU leaders. Described only as a “draft” with “a few points,” the proposal comes at a critical moment as Europe scrambles to avoid looming tariffs.

Trump: Deal with China Already Signed
In an unexpected turn, U.S. Commerce Secretary Howard Lutnick confirmed that “a deal with China was signed and sealed two days ago.” No details were disclosed.
Trump himself told reporters: “We signed a deal with China just yesterday.” The agreement allegedly stems from last month’s talks in Geneva, although the final text has not yet been published.

Trump Can Impose Tariffs Unilaterally
The White House insists that the July 9 deadline isn’t set in stone. Trump can extend it — or not. Press Secretary Karoline Leavitt stated that the President has the authority to unilaterally impose reciprocal tariffs if he deems it beneficial for the U.S. economy.
In other words, if countries don’t sign the proposed deal, Trump can simply enforce one — and select whatever tariff rate he sees fit.

Markets React, But Uncertainty Lingers
This announcement triggered a market reaction. Stocks jumped on the possibility of an extended deadline. But the situation remains tense. Back in April, Trump imposed tariffs on nearly all imports and granted a 90-day pause. That pause is now ending.
He later threatened a 50% tariff on all goods from the EU if no deal is made. Von der Leyen asked for more time — and Trump granted an extension until July 9.

Trump Waiting on Congress
The White House admits it’s far behind its “90 deals in 90 days” goal, having finalized only two — with China and the UK. Both are vague and lack final terms.
Economic adviser Kevin Hassett told Fox Business that “several more countries are very close to deals,” and expects more announcements once Congress passes Trump’s new tax bill, targeted for signing by July 4.

Summary: U.S. Sets the Tempo, Europe Hesitates
Trump holds the cards. He’s closed a deal with China. He’s pressuring Europe. He’s made an offer — now he waits. If the EU doesn’t respond by July 9, the U.S. is ready to strike with tariffs. As the White House put it: “The President can simply impose his own terms.”

#TRUMP , #whitehouse , #TradeWars , #DonaldTrump , #TradingCommunity

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