EU Ready to Negotiate, Offers to Scrap Tariffs on Industrial Goods, Says Chief
- The European Union has proposed a 'zero-for-zero' tariff deal on industrial goods to ease trade tensions with the United States, stated European Commission President Ursula von der Leyen.
- Von der Leyen emphasized the EU's readiness for negotiations while preparing countermeasures if talks fail, protecting against potential trade diversion.
- The U.S. Administration has expressed skepticism about the EU's proposal due to concerns about non-tariff barriers amidst escalating trade tensions.
- The tariffs imposed by the U.S. Have caused European stock indices to drop nearly 6%, highlighting the impact on global markets.
246 Articles
246 Articles
Customs conflict - EU calls on China to negotiate with the US
EU Commission President von der Leyen has called on China to seek a negotiated solution in the customs dispute with the US. In a phone call with China's Prime Minister Li Qiang, of the Leyen, stressed the responsibility of Europe and China for a strong, free and fair trading system. The Chinese Department of Commerce, for its part, appealed to the US to work towards a settlement of the conflict.
EU differs over US tariffs as France eyes tech clampdown and Ireland resists
Differences within the EU over how to respond to President Donald Trump’s barrage of tariffs were laid bare during a meeting of the bloc’s trade ministers on Monday. France urged the EU to contemplate…
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