Denmark is ‘sure’ EU will negotiate a ‘good’ US trade deal as deadline nears

Good morning from Aarhus, the place European Fee president Ursula von der Leyen and her faculty of commissioners are on the town to kick off Denmark’s six-month EU presidency.

Right here’s a scoop to start out: Massive European firms together with Airbus and BNP Paribas have urged Brussels to halt its landmark AI rules, because the EU considers watering down key parts amid strain from the US.

As we speak, I clarify Denmark’s stance on commerce talks with the US, as strain mounts to clinch a deal inside every week. And our parliament correspondent hears from the person who triggered a no-confidence vote in von der Leyen.

Doing their finest

Denmark has praised the European Fee’s technique for negotiating a tariff deal with US President Donald Trump because the deadline to stave off a full blown commerce battle attracts nearer.

Context: Trump has threatened to impose 50 per cent tariffs on items from the EU, until either side can clinch a deal by July 9. Whereas the fee is main talks for the EU, member states have struggled to show a united entrance as their financial pursuits diverge.

Germany has criticised Brussels’ method as too “complicated” and known as for a fast deal that will assist its business, whereas France has requested for an extension to proceed haggling and get a greater settlement.

“We should always . . . guarantee that we truly discover good options, though in addition they take longer to search out,” Danish financial system minister Stephanie Lose advised journalists in Copenhagen yesterday, seemingly becoming a member of the French slightly than the German camp.

EU commerce commissioner Maroš Šefčovič is in Washington right now for one more spherical of talks together with his US counterparts, after nearly three months of negotiations.

“The fee has negotiated and behaved in a really intelligent method,” Lose mentioned. “I’m very certain that they can even do their easiest to search out options which might be in the entire European continent’s pursuits.”

Denmark has simply taken over the EU’s rotating six-month presidency, and might be liable for navigating any fallout from the discussions.

“I undoubtedly don’t suppose that Europe ought to be escalating. We should always attempt to discover options,” Lose mentioned. “After all, if there aren’t any options in sight, we shouldn’t simply settle for something.”

An EU official yesterday mentioned that there would doubtless solely be an settlement in precept on decrease tariffs, whereas negotiations continued previous July 9. However even that was not assured, and the EU remained able to retaliate with tariffs of its personal, they added.

EU ambassadors will meet tomorrow in case there’s a deal to endorse.

Chart du jour: Uneasy

Simply weeks after European Central Financial institution chief Christine Lagarde hailed a “international euro” second, some contained in the financial institution are questioning if the euro’s power may turn into too much of a good thing.

Not very assured

The person behind an attempt to topple the European Commission mentioned he expects it to fail, however guarantees that fee president Ursula von der Leyen will get a tricky grilling from European parliamentarians, writes Andy Bounds.

Context: Romanian nationalist Gheorghe Piperea final week tabled a motion of no-confidence, which was accepted by get together leaders yesterday after confirming he had reached the minimal of 72 signatures supporting the transfer, or 10 per cent of MEPs.

A parliamentary debate on the movement will happen on Monday, with the vote scheduled for Thursday, in response to officers.

Whereas von der Leyen is prone to survive the vote, Piperea mentioned his most important goal was to not deliver down the fee — which final occurred in 1999 — however to carry von der Leyen accountable over the so-called Pfizergate affair.

The EU’s normal courtroom in Might ruled against the commission over its refusal to share personal textual content messages between von der Leyen and Pfizer’s chief govt Albert Bourla throughout negotiations to produce Covid-19 vaccines.

The New York Occasions had sued the fee over its refusal to disclose the messages exchanged in 2021. The courtroom rejected the fee’s argument that it couldn’t discover the texts, forcing it to look once more or present a greater clarification for why they can’t be made public.

“The fee has not but complied with the courtroom. That is about accountability of presidency,” mentioned Piperea, of the right-wing nationalist AUR get together. “I can’t settle for impunity. The president must come and reply questions from MEPs.”

Piperea mentioned three folks had eliminated their names from the movement beneath political strain, because the 27-member fee has representatives from 5 totally different events. He declined to publish the remaining names.

“This strain is a scandal. That is democracy in motion,” Piperea mentioned.

What to observe right now

1. Danish Prime Minister Mette Frederiksen and European Fee president Ursula von der Leyen maintain a press convention in Aarhus.

2. German international minister Johann Wadephul hosts Chinese language counterpart Wang Yi in Berlin.

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