European Commission President Ursula von der Leyen has announced that the European Union is prepared to finalize a trade deal with the United States, aiming to address tariffs between the two economies. The EU is assessing the latest U.S. proposals and is ready to strike an agreement, with a target to reach a deal before the July 9 deadline. The agreement includes a 15% across-the-board tariff cap, which von der Leyen stated will bring stability and certainty for businesses on both sides of the Atlantic. She emphasized that the deal reaffirms the transatlantic partnership and will positively impact the profitability of European companies. Following the agreement, European Commission Vice President Maros Sefcovic highlighted that the deal has boosted confidence and stability for businesses, strengthened trust in the transatlantic economy, and improved the competitiveness of EU exporters. The EU Trade Chief noted that the new U.S. tariffs reflect the initial outcomes of the EU-U.S. agreement, underscoring the 15% all-inclusive tariff cap.