The Globe and Mail reports in its Friday edition that European Union leaders discussed new proposals from the United States on a trade deal at a summit in Brussels on Thursday, with Commission president Ursula von der Leyen not ruling out tariff talks could fail and saying "all options remain on the table." A Reuters dispatch to The Globe says that time is running out for the bloc to find a common position before a respite on higher tariffs threatened by U.S. President Donald Trump expires on July 9, which could hammer exporters from cars to pharmaceuticals. European leaders were meeting to decide whether they want to push for a quick trade agreement or keep fighting for a better deal. German Chancellor Friedrich Merz urged the EU to do a "quick and simple" trade deal. French President Emmanuel Macron said his country would not accept terms that were not balanced. If the U.S. baseline rate of 10 per cent remained in place, then Europe's response would have to have an equivalent impact, Mr. Macron said. The EU has agreed to tariffs on 21 billion euros ($33.5-billion) of U.S. goods. Among the EU rebalancing options is a tax on digital advertising, which would hit U.S. giants like Google, Meta, Apple, X and Microsoft.