European Union leaders are discussing their response to President Donald Trump’s latest proposal on trade after a briefing from Ursula von der Leyen.The European Commission president told EU leaders at summit talks in Brussels on Thursday evening that she had received the latest US tariff offer,

Europe wants to make a deal before July 9 when tariffs on more goods could be increased. Reducing tariffs could be challenging, as they currently generate revenue for the US economy. President Donald Trump retorted that Europe has yet to propose a fair deal with the US.

BRUSSELS—The European Union is considering lowering tariffs on a range of U.S. imports in a bid to clinch a speedy trade deal with President Trump, according to people familiar with the matter. EU leaders debated how much they are willing to sacrifice to win over Trump at a meeting in Brussels on Thursday evening.