No Breakthrough Achieved as US-EU Trade Talks Extend Into the Weekend

According to a report by Jinse Finance, citing CCTV News, on the 4th local time, EU diplomats stated that EU negotiators failed to achieve a breakthrough in the US-EU trade talks, and the negotiations will continue through the weekend. EU negotiators indicated that if a broader trade agreement cannot be reached, they hope to ensure that the deadline for the US to postpone additional tariffs will be extended. It is reported that the scale of the EU's second round of countermeasures has been reduced from the initial 95 billion euros to 72 billion euros. EU diplomats noted that the US has threatened to impose a 17% tariff on EU agricultural exports.