EU and US Aim for Resolution in Trade Negotiations by July

According to BlockBeats, on May 30, EU Commissioner for Trade and Economic Security Maroš Šefčovič held a call with U.S. Commerce Secretary Gina Raimondo. Šefčovič emphasized the importance of continued cooperation between the EU and the U.S. to find forward-looking solutions to ease current trade tensions. On the same day, EU Commissioner for Economic Affairs Valdis Dombrovskis stated that despite the increasingly complex global situation, the EU remains committed to an open strategy. The trade negotiations between the EU and the U.S. are at a critical stage, with both parties aiming to reach an agreement by July 9. Dombrovskis reiterated the EU's dedication to finding a negotiated solution with the U.S., although the outlook for these trade talks remains uncertain.