Group 1 - The EU has tentatively agreed to a 10% universal tariff proposed by the US, contingent on concessions from the US in key sectors such as pharmaceuticals and semiconductors [1] - The focus of negotiations is on reducing existing tariffs on automobiles and metals, with the EU pushing for a decrease in the current 25% tariff on automobiles and a 50% tariff on steel and aluminum [1][2] - If an agreement is not reached by July 9, tariffs on EU exports to the US could rise to 50%, significantly impacting EU exports valued at €52.8 billion (approximately $62.2 billion) for automobiles and €24 billion for steel and aluminum [2] Group 2 - The negotiation process is advancing on multiple fronts, with the EU Trade Commissioner leading discussions in the US to address tariff reductions, non-tariff barriers, and strategic procurement cooperation [3] - The US proposal includes three main areas: tariff systems, non-tariff barriers, and strategic cooperation, although specific rates have not been disclosed to EU member states [6] - The outcome of the negotiations could lead to one of four scenarios: a modest reciprocal agreement, unilateral concessions, postponed talks, or a trade war, which would trigger retaliatory tariffs on US products [6] Group 3 - The negotiations reflect deeper economic tensions, with the Trump administration expanding tariffs to boost domestic manufacturing, while the EU seeks to balance multilateral trade systems against unilateralism [7] - As the deadline approaches, both parties are engaged in final negotiations over key terms such as tariff reduction levels, industry exemptions, and future tariff commitments, which will significantly influence transatlantic trade dynamics [7]

Group 1 - Japan is prepared for potential delays in trade negotiations with the U.S. and will not focus on a specific deadline for restoring tariffs [1][2] - Japanese Economic Revitalization Minister Ryosei Akazawa emphasized that Japan is engaging in sincere negotiations and is optimistic about the possibility of extending the deadline for tariff increases [1][2] - The U.S. plans to restore tariffs on multiple countries, which would raise Japan's tariffs from the current 10% to 24% [1] Group 2 - Akazawa has not scheduled the next round of negotiations with the U.S. and stated that Japan will not set specific deadlines for dialogue, likening trade discussions to "navigating in the fog" [2] - The ongoing tensions in the Middle East may divert U.S. attention, potentially hindering substantial progress in U.S.-Japan trade talks [2] - Protecting the automotive industry profits is a core demand for Japan in the negotiations, highlighting the significance of the U.S.-Japan automotive trade surplus as a key issue [3]