European Union Trade Commissioner Maros Sefcovic said on Friday that he had held another call with U.S. Commerce Secretary Howard Lutnick, as the EU and the United States continue efforts to reach a deal on tariffs.

US Treasury Secretary, Scott Bessent told Fox News on Thursday that trade talks between the US and China are "a bit stalled" adding that a call between President Trump and China's leader Xi Jinping maybe needed.

Top officials at the European Union's executive commission says they're pushing hard for a trade deal with the Trump administration to avoid a 50% tariff on imported goods. Trump had threatened to impose the tariffs on June 1,

Tariff-induced volatility is expected to dampen second-quarter advisory and underwriting revenue at most of Europe's largest investment banks.

Trump said it was a “privilege” to grant the extension after a phone call with European Commission President Ursula von der Leyen.

BRUSSELS (Reuters) - European Union Trade Commissioner Maros Sefcovic said on Friday that he had another call with U.S. Trade Secretary Howard Lutnick, as the EU and U.S. continue efforts to reach a deal on tariffs.

The United States and the European Union have agreed to "fast track" negotiations after President Donald Trump decided to pause 50 percent tariffs on imports from the EU next month. Trump spoke with EU President Ursula von der Leyen this weekend and opted for a July 9 deadline to allow for negotiations.

U.S. trade talks with China are "a bit stalled" and getting a deal over the finish line will likely need the direct involvement of President Donald Trump and Chinese President Xi Jinping, U.S. Treasury Secretary Scott Bessent said on Thursday.

With the US government rapidly changing its stance about tariffs as President Donald Trump negotiates, tech purchasers can either buy quickly now or wait until numbers are finalized.