Citing people familiar with the matter, Bloomberg reported on Wednesday that the European Union (EU) believes trade negotiations with the United States (US) to extend beyond President Donald Trump’s July 9 deadline.
“The US is expected to respond to the latest round of negotiations in the coming days and provide clarity on the next steps,” Bloomberg reported.
The EU and US face a July 9 deadline to avert tariffs after a temporary reprieve granted by President Trump.
Market reaction
EUR/USD remains on the defensive following these headlines, losing 0.13% on the day to trade near 1.1410 at the press time.
