Trade agreement negotiations between the European Union and the US are gaining momentum. European Commission President Ursula von der Leyen announced they are prepared for all scenarios.

Von der Leyen stated in her speech at the European Parliament, "We are committed to our principles, defending our interests, and continuing to work in good faith."

President Trump has increased tariffs on EU countries, raising the stakes for trade negotiations.

Von der Leyen instructed her teams to accelerate efforts to reach a fair and good agreement on trade.

The outcomes of the trade agreement could have significant impacts on both European and US economies. Therefore, it is crucial to closely monitor the negotiations.