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Group 1: Trade Negotiations - The EU is attempting to reach a trade agreement with the US similar to the UK-US agreement, aiming to resolve some tariff disputes before the July 9 deadline to avoid immediate retaliatory tariffs against the US [1][3] - The US has increased tariffs on EU steel and aluminum products from 25% to 50%, with President Trump threatening to raise "reciprocal tariffs" to 50% if no agreement is reached [3][5] - EU internal divisions are weakening its negotiating position, with some countries like France advocating for retaliation while others, including Italy and Hungary, prefer continued negotiations [5][6] Group 2: Economic Impact - The UN warns that global foreign direct investment (FDI) is at risk of declining for the third consecutive year due to tariff uncertainties and geopolitical tensions, projecting an 11% drop in 2024 [9] - The UN Secretary-General highlighted that rising trade barriers and geopolitical divisions could worsen the already challenging economic outlook, with tariffs increasing uncertainty for investors [9][10] - A recent Business Roundtable report indicated a 15-point drop in the CEO Economic Outlook Index, attributed to unpredictable trade policies and widespread uncertainty [10]