BusinessPostCorner.com
No Result
View All Result
Wednesday, July 16, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Trump team has not said what it wants in trade talks, says EU

April 15, 2025
in Finance
Reading Time: 3 mins read
A A
0
Trump team has not said what it wants in trade talks, says EU
ShareShareShareShareShare

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The US has not told the EU what it wants to lift trade tariffs, the European Commission said, after a two-hour meeting between the two sides’ trade negotiators made little progress.

EU trade commissioner Maroš Šefčovič met commerce secretary Howard Lutnick on Monday to discuss how to remove the so-called reciprocal tariffs imposed by the US, along with steel, aluminium and car levies, but the US side failed to set out its demands.

“We need to hear more from the Americans. We need to have a clearer idea of what their preferred outcomes are in these negotiations,” said EU trade spokesman Olof Gill on Tuesday. 

Gill said Šefčovič had repeated an offer to mutually drop all industrial goods tariffs.

“The EU is doing its part. Now, it is necessary for the US to define its position. As with every negotiation, this must be a two-way street . . . with both sides bringing something,” he said. 

The White House and commerce department did not immediately respond to a request for comment.

The US listed a long set of grievances when it imposed, then paused, reciprocal tariffs on much of the world this month. But calculations were based on the trade surplus in goods between them and the US. The EU was given 20 per cent, based on the $235bn goods surplus it had in 2024.

Donald Trump has said the EU should buy more liquefied natural gas, which Brussels has agreed to in principle.

The US president has also attacked the EU for not buying enough cars and “non-tariff barriers” that exclude US chicken rinsed with chlorine-based chemicals, and beef from cattle fed hormones. He has railed against VAT, and its digital regulation.

Within days of imposing the tariffs Trump dropped them and only applied a 10 per cent levy for almost all countries for 90 days, while encouraging partners to seek deals to reduce the duties permanently.

But on Monday he also instructed officials to prepare fresh measures against semiconductor and pharmaceutical products. Šefčovič reiterated the importance of resilient transatlantic supply chains in those sectors, Gill said. 

Recommended

Gill said the meeting was a “focused scoping” session, with the zero tariff plan and the global overcapacity in steel and aluminium industries also covered. 

But he added that food safety standards were “sacrosanct”.

“The commissioner reiterated that the EU and the US share many challenges and could address them jointly to the benefit of both sides,” he said. 

“The EU will continue to approach these talks in a constructive manner, with a view to identify areas of common interest. It is clear that significant joint efforts will be needed to achieve a successful outcome within the 90-day window.”

The EU has paused its retaliatory tariffs in response to the steel and aluminium levies until July 14. It was continuing to work on further measures for the other tariffs, Gill said, in case there was no agreement.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Employee relations and the changing regulatory landscape

Next Post

A UK-US deal sounds good but it is all about the detail

Next Post
A UK-US deal sounds good but it is all about the detail

A UK-US deal sounds good but it is all about the detail

Tech CEO Garry Tan slams college entrepreneurship programs for ‘teaching you to lie’—he warns Gen Z students that it could land them in jail

Tech CEO Garry Tan slams college entrepreneurship programs for ‘teaching you to lie’—he warns Gen Z students that it could land them in jail

July 10, 2025
IESBA, IAASB form expert groups on sustainability standards

IESBA, IAASB form expert groups on sustainability standards

July 10, 2025
Ethereum Price Prediction: ETH Leads the Charge Above ,000 – Has Crypto Summer Season Officially Begun?

Ethereum Price Prediction: ETH Leads the Charge Above $3,000 – Has Crypto Summer Season Officially Begun?

July 12, 2025
Trump’s law of the jungle means U.S. trade deals aren’t worth the paper they’re printed on

Trump’s law of the jungle means U.S. trade deals aren’t worth the paper they’re printed on

July 12, 2025
Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

Binance’s Grip Tightens: 2025 Mid-Year Data Shows Exchange Titan Pulling Ahead: CryptoQuant

July 10, 2025
Two top BCG executives stripped of leadership roles over Gaza project

Two top BCG executives stripped of leadership roles over Gaza project

July 10, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Elliptic Report Finds Cross-Chain Crime Up 200 – Here’s Where Hackers Hide Now

Elliptic Report Finds Cross-Chain Crime Up 200 – Here’s Where Hackers Hide Now

July 16, 2025
Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell

Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell

July 16, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!