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The EU is ‘making progress’ toward a €50 billion trade deal with the US, trade commissioner tells FT

  • The European Union is making ‘certain progress’ toward a €50 billion trade deal with the United States, according to Maroa Sefcovic, the EU’s trade commissioner, in an interview with the Financial Times.
  • Sefcovic stated that the EU would not accept 10% tariffs on its goods as a ‘fair resolution’ to trade talks.
  • Sefcovic warned that reaching a deal that is ‘clearly good and acceptable’ for member states and the European Parliament would be ‘very difficult’.
  • The EU is willing to collaborate with the U.S. To address the impact of China’s export surge as part of the trade deal discussions, according to Sefcovic.
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The European Union is ready to increase its purchases of American products by EUR 50 billion, in order to solve the "problem" of customs duties with the United States. This is what the European Trade Commissioner Maroš Šefčovič explained in an interview with the Financial Times. And this is a first concrete offer from Brussels.

·Paris, France
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  • 47% of the sources are Center
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freshplaza.com broke the news in on Wednesday, April 30, 2025.
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