The trade relationship between the United States and the European Union, described by the EU Executive Commission as 'the most important trade relationship in the world,' is at a crossroads. President Donald Trump's tariff policy,

The United States, under President Trump, is finalizing several trade agreements and will raise tariffs by August 1. Key trading partners, including the EU and India, are negotiating to reach deals, while Trump's strategy has caused global economic shifts,

The pause on the administration's import levies will expire July 9. European Union negotiators have given up on reaching a trade new agreement by then.