The pause on the administration's import levies will expire July 9. European Union negotiators have given up on reaching a trade new agreement by then.

President Trump said he was preparing to set unilateral tariff rates of up to 70% that would kick in Aug. 1, delaying the levies while putting pressure on global trade negotiations. The European Union will hold crunch talks with the U.

The European Union is trying to unify behind a trade deal with the United States as President Donald Trump’s July 9 tariff pause expiration looms. The U.S. is set to levy a 50% tariff on most EU exports,