EU-US Talks Seek Tariff Resolution in Transatlantic Trade
EU Trade Commissioner Maros Sefcovic intensifies dialogue with US Commerce Secretary Howard Lutnick to resolve trade tariffs. Efforts focus on ending 25% tariffs on steel and cars. The EU seeks favorable terms in aerospace, steel, semiconductors, and critical minerals, aiming for lasting cooperation.
Intensifying efforts to mitigate trade barriers, EU Trade Commissioner Maros Sefcovic engaged in further dialogue with U.S. Commerce Secretary Howard Lutnick. The discussions are part of ongoing attempts to resolve tariff disputes affecting steel and automobiles between the EU and the United States.
On social media platform X, Sefcovic emphasized the priority of achieving forward-thinking solutions, reiterating the EU's commitment to ending the 25% tariffs imposed on steel and cars. He called for a resolution on the 'reciprocal' tariff currently paused at 10%.
Speaking earlier in Dubai, Sefcovic highlighted the European Commission's goal to foster cooperation with Washington in critical sectors such as aerospace, steel, semiconductors, and critical minerals, aiming to fortify transatlantic trade relations.
(With inputs from agencies.)
ALSO READ
Wesley So and Carissa Yip Triumph in Thrilling Tata Steel Chess India Blitz Tournament
Nihal Sarin Triumphs at TATA Steel Rapid Chess, Dedicates Win to Late Grandfather
India Rebuts Lutnick's Trade Deal Comments Amidst Varied National Developments
JSW Steel's Production Surge Amidst Capacity Upgrades
Steel IPO Surge: Safeguard Duty Spurs Rs 4,000 Crore Push

