Trade Negotiations Continue Amid Economic Concerns

European Commissioner for Economy, Valdis Dombrovskis, highlighted the ongoing trade negotiations with the United States during a press conference on Tuesday. Emphasizing the importance of reaching an agreement before the new August 1 deadline, Dombrovskis pointed out the negative impact of trade tensions on the economy and investment decisions.

"The faster we can reach [an agreement], the better, because that would remove uncertainty," he stated, underlining the urgency for a negotiated solution to avoid further escalation of trade tensions.

Deadline Extension Offers a Glimmer of Hope

While the delay in the deadline provides negotiators with additional time, Dombrovskis assured that the focus remains steadfast on achieving a favorable outcome for both parties involved.