"We're talking [with the EU], but I don't feel that they're offering a fair deal yet," Trump told reporters on board Air Force One on his way back to the United States from a G7 summit in Canada.
"We're either going to make a good deal or they'll just pay whatever we say they will pay," he was quoted as saying by global newswires on EU.
Before his departure, Trump and EU Commission Chief Ursula von der Leyen met for a few minutes on the sidelines of the G7. "Of course, it's complex, but we are advancing and that is good," von der Leyen said after Trump's criticism of the EU's position.
World leaders at the summit urged Trump to back away from his trade war, saying it posed a risk to global economic stability.
Trump also met Japanese Prime Minister Shigeru Ishiba at the G7 Summit, but both made little headway in bridging gaps over tariffs, according to Japanese media reports.
The United States has offered Japan and other countries a 90-day reprieve from ‘reciprocal’ tariffs.
Ishiba, however, did not say whether he and Trump discussed the possibility of an extension, after Washington hinted that the pause can be extended for trading partners engaged in negotiations in ‘good faith’.
"We have yet to reach a deal as a package because we remain apart over certain aspects," Ishiba told reporters after his ‘candid’ discussions with Trump.
US treasury secretary Scott Bessent stayed behind after Trump left, to discuss trade issues with the other G7 members.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!