According to TechFlow, on June 19th, citing the Financial Times via JIN10 Data, the European Union is pushing to reach a UK-style trade agreement with the United States. This agreement will retain some tariffs after next month's deadline and further delay retaliatory measures against the U.S.
Michael Claus, advisor to German Chancellor Scholz, stated at an event in Berlin on Thursday that he expects the EU and the U.S. will not reach a comprehensive agreement before July 9th, but rather "a declaration somewhat similar to the US-UK agreement model." Claus said regarding the European Commission: "First, they want to see if there is room for consensus on the so-called 10% reciprocal tariffs... then move on to other tariffs, namely those targeting specific industries."
Diplomats and officials familiar with the matter indicated that early negotiations in Brussels about imposing retaliatory tariffs if Trump does not cancel all measures against EU countries have weakened. This is due to EU governments' concerns over the economic consequences and internal divisions within Europe regarding countermeasures.
In this context, some countries led by France want to "retaliate in kind," while other countries including Italy and Hungary hope to continue negotiations.