US EditionEU, US Closer to Clinching Trade Deal Text as Washington Shares Update
7 Articles
7 Articles
U.S. and EU Swap Drafts in Trade Talks
The United States has shared a draft text of its outline trade deal with the European Union, marking a step toward finalizing a joint political declaration. EU trade spokesperson Olof Gill confirmed receipt of the U.S. proposal on Thursday, saying both sides will “ping pong” revisions until a final text is agreed. “I’m happy to confirm that we have received a text from the U.S. with their suggestions for getting closer to the finalization of the…
Brussels continues to wait for Washington's steps to clarify the exceptions
A spokesman for the European Commission has specified that he has received from the US "a new text" for the joint declaration on duties, which must follow the basic political understanding. "Now we will study it, we will make our observations to the American counterparts, we will continue the ping-pong to arrive at a shared text," he added. "We are close, it is an important document, the details are crucial and we still need some patience."
German Carmakers Demand Action Over EU-US Deal
Germany’s powerful car lobby has warned that delays in implementing a new EU-US trade agreement are costing manufacturers billions of euros, urging both Berlin and Brussels to press Washington to deliver on its commitments. Hildegard Mueller, head of the German Association of the Automotive Industry (VDA), told Handelsblatt that the deal signed in late July by US President Donald Trump and European Commission President Ursula von der Leyen had s…
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