Wall Street Journal: US-EU "non-tariff trade agreement" is close to being reached

币界网报道:On June 21, the Wall Street Journal reported that the United States and the European Union appear to be close to reaching an agreement on a number of non-tariff trade issues, ranging from deforestation rules to the treatment of American technology companies in Europe, but the fate of the tariffs to be implemented by both trading partners remains unclear. According to people familiar with the matter, a draft "reciprocal trade agreement" distributed by the Office of the United States Trade Representative lists preliminary agreements on a series of specific trade issues, including the EU's Digital Markets Act, carbon border tariffs, shipbuilding, etc. These people said that the agreement appears to be close to the final version, but emphasized that it may still change in the coming weeks. People familiar with the matter said that the text does not specifically mention any tariffs threatened or imposed by President Trump on the European Union - from the 20% reciprocal tariffs suspended by Trump in April to higher tariffs on specific industries such as automobiles and steel. The text also does not detail the EU's proposed retaliatory tariffs, which are scheduled to take effect on July 14 if no agreement is reached. It is not clear whether the tariff issue will be resolved in a separate agreement, whether the relevant negotiations have reached an impasse, or whether the two sides will decide to extend the negotiations beyond the July 9 tariff deadline set by Trump. In addition, it is uncertain whether the EU agrees to all the terms of the draft agreement. Representatives of the U.S. government and the European Union's executive arm declined to comment on the details of the agreement, but an EU spokesman said both sides were "fully engaged in the negotiations and reaching a mutually beneficial solution through negotiation remains our priority."

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