European Trade Commissioner Maros Sefcovic expressed optimism that Washington and the EU were approaching a positive outcome for both sides. He warned, however, that a 30% tariff would practically eliminate trade between the U.S. and the 27-nation bloc, which are currently each other's largest trading partners.

SEOUL: South Korea's top trade envoy said on Monday (Jul 14) it may be possible to strike an "in-principle" trade deal with the United States by an Aug 1 deadline and signalled Seoul may be open to allowing greater access to its agricultural markets,