President Donald Trump (L) holds a U.S.–UK trade deal next to British Prime Minister Keir Starmer as they speak to reporters during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada, on June 16, 2025. Stefan Rousseau/Pool/AFP via Getty Images
France’s finance minister has called for more time to secure a trade deal between the European Union and the United States as the 90-day deadline imposed by the Trump administration ends next week.
On April 2, President Donald Trump instituted sweeping new tariff policies on U.S. trade partners, including reciprocal tariffs on nations deemed to have trade barriers against U.S. goods. For the EU, the reciprocal tariff was set at 20 percent. On April 9, Trump announced that he was pausing reciprocal tariffs for a period of 90 days, which is scheduled to end on July 9.
