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EU-US trade deal: As Donald Trump’s tariff threat looms, European Union wants to strike a deal - the faster, the better

The European Union aims to swiftly secure a trade agreement with the United States to alleviate economic uncertainty caused by potential tariffs. Despite the U.S. extending the deadline to August 1, the EU is pushing for a deal this week, potentially involving exemptions for key sectors and a pledge to relocate some European car production.