The European Union and the United States have agreed to expedite trade negotiations, following a high-level phone call between European Commission President Ursula von der Leyen and U.S. President Donald Trump. The agreement marks a renewed diplomatic effort to de-escalate tensions and avoid the imposition of sweeping new tariffs on transatlantic trade. According to a statement released by the European Commission on Monday, both leaders have committed to maintaining close contact throughout the negotiation process. The discussion, which took place late Sunday evening, resulted in a temporary suspension of a threatened 50 percent tariff increase on EU exports to the United States. President Trump reportedly agreed to pause the tariff action until 9 July to allow time for progress in talks. A European Commission spokesperson, Paula Pinho, confirmed that formal preparations for negotiations are already underway. She stated that a dedicated EU negotiating team is in place, led by Trade Commissioner Maroš Šefčovič. Šefčovič held a phone call earlier on Monday with U.S. Commerce Secretary Howard Lutnick to discuss initial steps and the framework for upcoming discussions. Pinho emphasized that the European Union remains committed to reaching a balanced and constructive agreement. “It’s positive to see that there’s engagement at the level of the presidents,” she said. “From our side, we always said that we are ready to make a deal.” The talks are expected to address a range of trade-related issues, including tariffs, market access, and regulatory alignment. While specific areas of negotiation were not disclosed, the move follows months of increased trade tensions, with both sides imposing or threatening tariffs on key sectors including agriculture, automobiles, and technology. President Trump’s earlier tariff threat had raised concern across European industries, particularly among exporters who warned of significant economic disruption. The temporary reprieve is seen as a critical window for negotiators to avert further escalation and restore stability in transatlantic trade relations. The decision to fast track discussions comes amid broader geopolitical uncertainty and a shifting global trade landscape. Both the European Union and the United States face mounting pressure from domestic industries to safeguard their competitive positions without triggering retaliatory measures that could harm economic recovery efforts. Officials from both sides are expected to meet in person in the coming weeks, though no formal schedule has yet been announced. The outcome of the negotiations could have wide-ranging implications not only for EU-U.S. relations but also for international trade norms as major economies navigate evolving economic priorities and strategic alignments. – By MENA Newswire News Desk.