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- French minister calls for extension of EU-US trade talks</p>
<p>June 29, 2025 at 5:30 AM</p>
<p>PARIS (Reuters) -France's finance minister has called for extending EU-U.S. trade talks beyond the July 9 deadline in order to secure a better agreement.</p>
<p>U.S. President Donald Trump has set the deadline for the trade talks, warning that failure to reach agreement could trigger higher U.S. tariffs on goods from cars to pharmaceuticals.</p>
<p>Progress in the negotiations between the huge trading partners remains unclear. European officials are increasingly resigned to a 10% "reciprocal" tariff imposed by Washington in April being the baseline in any deal, sources familiar with the talks have told Reuters.</p>
<p>"I think that we are going to strike a deal with the Americans," French Finance Minister Eric Lombard told newspaper La Tribune Dimanche in an interview published on Sunday.</p>
<p>"Regarding the deadline, my wish is for another postponement. I would rather have a good deal than a bad deal on July 9," he said.</p>
<p>U.S. Treasury Secretary Scott Bessent said earlier this month that deadlines on some countries negotiating in good faith could be extended.</p>
<p>French President Emmanuel Macron said following an EU summit on Thursday that France wants a quick and pragmatic trade deal with the United States but would not accept unbalanced terms.</p>
<p>EU leaders discussed a new U.S. proposal at the summit but the European Commission did not reveal the content of the offer.</p>
<p>Lombard said that energy could form part of a trade deal, with the EU potentially increasing its imports of U.S. gas to replace flows from Russia.</p>
<p>(Reporting by Gus Trompiz; editing by Clelia Oziel)</p>
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