Rome: European Commission President Ursula von der Leyen announced that the European Union is actively working towards securing an initial trade agreement with the United States while aiming to keep tariffs as low as possible. Speaking at the French-Italian Economic Forum in Rome, von der Leyen emphasized the importance of providing stability for businesses involved in transatlantic trade.

According to Anadolu Agency, von der Leyen highlighted the EU's strategic approach to trade, noting that while the US remains a crucial partner, accounting for 20% of EU exports and approximately 3% of its GDP, the EU is also focused on strengthening trade relationships with other global partners. This is underscored by the fact that 80% of the EU's trade is with countries outside of the US.

Von der Leyen stressed the significance of predictability and certainty in trade relations for businesses across Europe, which in turn support millions of jobs. She mentioned her recent discussions with President Trump, where these points were underscored as central to ongoing negotiations.

The European Commission President reiterated the EU's position as a leader in global trade, boasting the largest network of free trade agreements worldwide. In the face of global economic volatility, she noted that more nations are gravitating towards Europe as a stable trading partner.

Current trade discussions between the US and EU are part of an effort to improve tariff agreements. In April, the US implemented "reciprocal" tariffs, initially set at a 20% rate for the EU, which have since been temporarily suspended to allow for negotiations. Recent developments include President Trump's announcement to postpone a proposed 50% tariff on EU goods to August 1, as discussions continue.

President Trump remarked on the recent positive shift in the EU's approach to negotiations, suggesting that a resolution could be imminent. He stated that communication with the EU is ongoing, and a letter signaling a tariff agreement might soon be dispatched.