EU and US Strive for Fair Tariff Deal
The European Union is actively seeking an equitable tariff agreement with the United States, emphasizing the need for mutual efforts. European Trade Commissioner Maros Sefcovic highlighted the EU's commitment to achieving reciprocity through a 0-for-0 tariff proposal on industrial goods and addressing non-tariff barriers.
- Country:
- Belgium
The European Union is actively pursuing a fair tariff agreement with the United States, according to European Trade Commissioner Maros Sefcovic. He emphasized that such a deal would require substantial joint effort from both parties. Sefcovic's comments followed a meeting with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer.
Sefcovic noted that the EU is committed to fostering a constructive dialogue aimed at achieving reciprocity. This includes the EU's 0-for-0 tariff proposal on industrial goods, which seeks to eliminate tariffs, as well as focusing on dismantling non-tariff barriers.
This initiative highlights the ongoing efforts between the EU and the U.S. to resolve unjustified tariffs within a 90-day discussion window, aiming for a mutually beneficial outcome.
ALSO READ
-
Iran’s Civilians Trapped Between State Repression and Deadly Strikes, UN Warns
-
EU Firms Rethink Supply Chains as Geopolitical Risks Reshape Global Trade
-
Trade War Chessboard: Agriculture, Energy, and Rare Earths in Focus
-
Trump and Xi Set for High-Stakes Summit: Trade, Taiwan, and Technology in Focus
-
US Tariff Announcement Delay Amidst Xi-Trump Summit
Google News