$2 Trillion Trade Tension: Can EU and US Make a Deal?

WooGlobe

Tensions are rising as the European Union delays retaliatory tariffs against the United States, hoping to strike a last-minute trade deal before President Trump's August 1 deadline. EU Commission President Ursula von der Leyen says Europe prefers a negotiated solution — but warns they’re fully prepared to respond. With $2 trillion in annual trade at stake, both sides are racing to avoid an all-out tariff war. Will diplomacy win or will tariffs take over? Watch to find out what's at stake in this high-stakes global trade standoff. WooGlobe Ref : WGA531018 For licensing and to use this video, please email licensing@wooglobe.com

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00:00The clock is ticking on a massive trade standoff between the U.S. and the E.U.

00:04With just days before President Trump's August 1 deadline to slap 30% tariffs on European exports,

00:11the E.U. is holding its fire.

00:13European Commission President Ursula von der Leyen announced a delay on retaliatory tariffs,

00:18but warned the E.U. is ready to strike if talks fail.

00:21We prefer a negotiated solution, she said.

00:24Still, the E.U.'s warning is loud and clear.

00:27However, preparations for countermeasures are in full swing.

00:30This trade battle has been brewing since Trump imposed tariffs on steel and aluminum.

00:35The E.U. hit back with a $30 billion plan, but paused it, hoping for a deal.

00:40That pause was set to expire, but now it's extended, giving negotiators more time.

00:45Trump's team says the current offers aren't good enough.

00:48The pressure is on as E.U. trade ministers meet in Brussels, racing against the clock.

00:53With $2 trillion in trade on the line, the stakes couldn't be higher.

00:58Will this end in a handshake or a tariff war?

01:00We'll know by August 1st.

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