Summary
Brussels is considering extending a trade deal on American lobsters with Donald Trump, which expires on July 31, as part of negotiations to alleviate tariffs imposed during Trump’s presidency. The European Commission is open to this extension while discussions about broader trade issues, including the EU’s trade surplus and regulatory barriers, have commenced. Although the lobster trade is not economically significant, EU officials believe it could help de-escalate tensions and are willing to review import standards while firmly rejecting changes to environmental regulations under US pressure.
