Progress Reported in US-EU Trade Talks Amid Tariff Tensions
Trade negotiators from the US and Europe met in Paris to discuss ongoing tensions surrounding tariffs, particularly the US steel tariffs. Both sides reported progress in their discussions, with the EU emphasizing the need to make a strong case for tariff cuts. EU Trade Commissioner Maroš Šefčovič described the talks as constructive, though both parties acknowledged there were no major breakthroughs. The US Trade Representative Jamieson Greer confirmed that discussions are moving in the right direction, despite the challenges posed by the recent hike in tariffs. The EU is preparing countermeasures should negotiations fail to yield satisfactory results.
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