The latest transatlantic trade storm, which started with US President Donald Trump threatening to impose 50 percent tariff on European Union exports on June 1, has subsided for now following a call between Trump and European Commission President Ursula von der Leyen. But the uncertainty over the relationship is far from over.

European Commissioner for Trade Maros Sefcovic wrote on X late on Monday night that he had good discussions with US Secretary of Commerce Howard Lutnick and US Trade Representative Jamieson Greer, saying the European Commission remains fully committed to constructive and focused efforts at reaching an EU-US deal.

European Commission spokeswoman Paula Pinho said on Monday that Trump and Von der Leyen agreed to “fast-track the trade negotiations and to stay in close contact”, clearly referring to Trump’s complaints that the US-EU talks are “going nowhere”.

The commission and many EU member states have preferred a negotiated settlement during Trump’s 90-day pause which expires on July 9. But they have........

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