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French Finance Minister Eric Lombard said negotiations between the European Union and the United States are approaching a conclusion, with the two sides aiming to finalise a trade agreement before 1 August 2025. In an interview on Wednesday, Lombard cautioned that failure to seal the accord could trigger retaliatory tariff measures that would inflict economic damage on both blocs. He added that Europe is "striving" to close the gap in the remaining talks and reiterated that the parties are "not far" from a deal.
"Our target is to reach a deal, and we are not far." French Finance Minister Eric Lombard tells @KritiGuptaNews Europe is "striving" to reach a trade deal with the US by August 1, warning of the impact of retaliatory tariffs if no deal is reached https://t.co/51SFfMr7wm https://t.co/4Oz8qYctfa
🇪🇺🇺🇸FRANCE'S FINANCE MINISTER LOMBARD: WE'RE NOT FAR FROM AN EU-US TRADE DEAL BEFORE AUGUST 1ST https://t.co/3bp6Xdqtxo https://t.co/CfHfsT9vaY
France's Finance Minister Lombard: We're not far from an EU-US trade deal before August 1st. Retaliatory trade measures would hurt the EU and the US
