The European Union, led by European Commission President Ursula von der Leyen, has expressed readiness to finalize a trade deal with the United States, focusing on tariffs. The EU aims to reach an agreement before the July 9 deadline and is preparing for all possible outcomes if negotiations fail. The deal, agreed upon with the U.S. administration under President Donald Trump, includes a 15% tariff rate on the majority of EU exports such as automobiles, semiconductors, and pharmaceuticals. Strategic products like aircraft components and certain chemicals will have zero-for-zero tariffs. Additionally, tariffs on steel will be reduced with a quota system implemented, while the U.S. will maintain its 50% tariffs on steel and aluminum, a point the EU wishes to continue discussing. The trade liberalization also covers agricultural products including seafood, fruits, vegetables, pork, and bison meat. Progress has been made on removing non-tariff barriers and streamlining sanitary certification requirements for U.S. pork and dairy products. However, some issues remain unresolved, such as those related to spirits, due to large EU agricultural surpluses. Overall, the deal is expected to bring stability to transatlantic trade relations.