'Inevitable' that US will negotiate on tariffs due to stock market turmoil

The European Commission affirms that the next steps are to prepare the next action in relation to the USA, but also to prepare the trading system in the EU to avoid possible trade diversions”.

In Luxembourg, EU trade ministers met to discuss a response to the new US tariffs. EU Trade Commissioner Sefcovic assumes that the tariff conflict with the US will lead to far-reaching changes in the global trading system.

'Inevitable' that US will negotiate on tariffs due to stock market turmoil

Tánaiste Simon Harris was speaking in Luxembourg, where he was attending a meeting of the EU’s trade ministers to discuss the response to a 20% tariff rate on all exports to the United States

Friedrich Merz, the leader of Germany's Christian Democrats and future chancellor, says the “dramatic situation” on the international stock markets…

EU Trade Ministers met this Monday in Luxembourg City to try to find elements to counter Donald Trump's customs duties.

Baranowski thus referred to the Community response being discussed this Monday by ministers from all Member States at a meeting in Luxembourg. "We regret that the United States has decided to impose these high tariffs, the highest we have seen in a century, and we hope to move towards a negotiation of a transatlantic trade agreement that is positive in the face of what we are seeing, a movement that damages the US economy but also others in the …