The European Union has agreed to fast-track trade talks with the United States in an effort to avert a transatlantic trade war.

The decision comes just days after President Donald Trump accused the EU of taking advantage of the U.S. and dragging its feet in negotiations.

“There’s now a new impetus for the negotiations,” Paula Pinho, a spokeswoman for the European Commission, told reporters on Monday, a day after Commission President Ursula von der Leyen spoke with Trump by phone. “They agreed both to fast track the trade negotiations and to stay in close contact.”

After the call, President Trump postponed the deadline to impose 50% tariffs on the EU to July 9, giving more time for negotiations. “

“We had a very nice call and I agreed to move it,” Trump told reporters.

So far, the talks have been troubled by many issues, with no clear agreement in sight.

The Europeans have criticized the U.S. for unclear demands and confusion over who speaks for the president, while the U.S. accuses the EU of unfairly targeting American companies with lawsuits and regulations.

The EU’s trade chief, Maros Sefcovic, was set to speak with US Commerce Secretary Howard Lutnick on Monday.

Meanwhile, EU ambassadors planned a last-minute meeting the same day to review the latest developments with the commission.

On Monday, US and European equity-index futures rose alongside Asian stocks.

The dollar fluctuated after dropping to its lowest level since December 2023.