Micheál Martin indicated ongoing negotiations between the U.S. and the EU regarding future trade arrangements ahead of a Wednesday deadline. He expressed hope for an outline agreement, while acknowledging that several issues remain unresolved. Martin emphasized that any agreement would not eliminate the need for further negotiations on various trade matters. He noted the importance of reaching an accord to ensure certainty for consumers and businesses. Despite the challenges, the EU aims to strike a trade deal with the U.S. by July 9, even with postponed deadlines affecting negotiations.
Micheál Martin mentioned that both sides are negotiating the fine details of future arrangements, emphasizing the importance of reaching an agreement to provide certainty to consumers and businesses.
He stated, "We remain hopeful that the US and the European Union can agree an outline agreement or framework principle agreement this week," underlining the ongoing efforts in negotiations.
Martin expressed that while clarity may arise from a framework agreement, significant negotiations would still be required on outstanding trade issues.
He remarked on the impact of the 10% baseline tariff and its implications across various sectors, noting the realities that enterprises must navigate.
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