The EU and the US are moving toward an agreement that would take the form of a headline “political understanding” to resolve their tariff dispute before the 9 July deadline, rather than a comprehensive deal, according to several diplomats and an EU official.
“If there is to be an agreement, the most realistic outcome would likely be a general framework or a 'principle agreement' — something that, due to time constraints, would resemble the kind of understanding the US has reached with the UK or even with China,” a senior EU diplomat said.
