EU trade officials say the US trade agreement will miss the deadline

EU trade officials indicate that the trade discussions with the US are unlikely to meet the July 9 deadline set by Trump, even with accelerated negotiations underway.

Washington plans to impose 50% tariffs on €380 billion of EU exports if no agreement is reached, prompting Brussels to prepare countermeasures on €95 billion worth of US goods.

Christine Lagarde warns about the dangers of trade wars and their potential to cause larger economic problems globally, emphasizing the need for a cooperative approach.