EU pledges to strike trade deal with US amid tariff twists
The European Commission remains "fully committed" to reaching a trade deal with the United States amid tariff twists, according to a senior European Union (EU) official
- BRUSSELS — The European Commission remains "fully committed" to
reaching a trade deal with the United States amid tariff twists, according to a
senior European Union (EU) official.
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- In a Monday post on social media platform X, European
Commissioner for Trade and Economic Security Maros Sefcovic wrote: "The
European Commission remains fully committed to constructive and focused efforts
at pace towards an EU-US deal," adding that Brussels would continue to
stay in constant contact with Washington.
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- His remarks followed his calls with US Commerce Secretary
Howard Lutnick and US Trade Representative Jamieson Greer, Xinhua news agency
reported.
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- On Friday, US President Donald Trump said talks with the
27-member bloc were "going nowhere" and threatened to impose a 50 per
cent tariff on all EU imports from June 1.
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- Trump was upset by the lack of progress in trade talks
with the EU, which has proposed mutually cutting tariffs to zero even as the
President has publicly insisted on preserving a baseline 10 per cent tax on
most imports.
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- "Our discussions with them are going nowhere!"
Trump posted on Truth Social.
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- European Commission President Ursula von der Leyen phoned
Trump on Sunday, after which he agreed to postpone the planned tariff increase
until July 9.
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- Economists and market analysts have also criticised the
unpredictability of US trade policies, noting that such volatility undermines
confidence in the US as a reliable trading partner.
