By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > Trump team has not said what it wants in trade talks, says EU
News

Trump team has not said what it wants in trade talks, says EU

News Room
Last updated: 2025/04/15 at 9:17 AM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The US has not told the EU what it wants to lift trade tariffs, the European Commission said, after a two-hour meeting between the two sides’ trade negotiators made little progress.

EU trade commissioner Maroš Šefčovič met commerce secretary Howard Lutnick on Monday to discuss how to remove the so-called reciprocal tariffs imposed by the US, along with steel, aluminium and car levies, but the US side failed to set out its demands.

“We need to hear more from the Americans. We need to have a clearer idea of what their preferred outcomes are in these negotiations,” said EU trade spokesman Olof Gill on Tuesday. 

Gill said Šefčovič had repeated an offer to mutually drop all industrial goods tariffs.

“The EU is doing its part. Now, it is necessary for the US to define its position. As with every negotiation, this must be a two-way street . . . with both sides bringing something,” he said. 

The White House and commerce department did not immediately respond to a request for comment.

The US listed a long set of grievances when it imposed, then paused, reciprocal tariffs on much of the world this month. But calculations were based on the trade surplus in goods between them and the US. The EU was given 20 per cent, based on the $235bn goods surplus it had in 2024.

Donald Trump has said the EU should buy more liquefied natural gas, which Brussels has agreed to in principle.

The US president has also attacked the EU for not buying enough cars and “non-tariff barriers” that exclude US chicken rinsed with chlorine-based chemicals, and beef from cattle fed hormones. He has railed against VAT, and its digital regulation.

Within days of imposing the tariffs Trump dropped them and only applied a 10 per cent levy for almost all countries for 90 days, while encouraging partners to seek deals to reduce the duties permanently.

But on Monday he also instructed officials to prepare fresh measures against semiconductor and pharmaceutical products. Šefčovič reiterated the importance of resilient transatlantic supply chains in those sectors, Gill said. 

Gill said the meeting was a “focused scoping” session, with the zero tariff plan and the global overcapacity in steel and aluminium industries also covered. 

But he added that food safety standards were “sacrosanct”.

“The commissioner reiterated that the EU and the US share many challenges and could address them jointly to the benefit of both sides,” he said. 

“The EU will continue to approach these talks in a constructive manner, with a view to identify areas of common interest. It is clear that significant joint efforts will be needed to achieve a successful outcome within the 90-day window.”

The EU has paused its retaliatory tariffs in response to the steel and aluminium levies until July 14. It was continuing to work on further measures for the other tariffs, Gill said, in case there was no agreement.

Read the full article here

News Room April 15, 2025 April 15, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Why Apple’s Siri Is Still So Bad In The Age Of AI

Watch full video on YouTube

Draw your own chart game: How Taco were Trump’s tariffs?

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Donald Trump attacks ‘hostile’ Elon Musk as row over tax bill erupts

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

BlackRock’s Larry Fink sounds alarm over rising US red ink

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Diamond Hill Select Strategy Q1 2025 Commentary

This article was written byFollowDiamond Hill Capital Management, Inc. is a wholly…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Draw your own chart game: How Taco were Trump’s tariffs?

By News Room
News

Donald Trump attacks ‘hostile’ Elon Musk as row over tax bill erupts

By News Room
News

BlackRock’s Larry Fink sounds alarm over rising US red ink

By News Room
News

Diamond Hill Select Strategy Q1 2025 Commentary

By News Room
News

Christine Lagarde signals ECB rate-cutting ‘nearly concluded’

By News Room
News

More territory won’t bring Israel security

By News Room
News

Trump and Xi held phone call on Thursday, Chinese state media reports

By News Room
News

Traders anticipate quarter-point ECB rate cut

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?