EU and US approaching a good trade deal, EU trade commissioner says
The European Union and United States are approaching a good outcome for both sides in their trade talks, EU trade commissioner Maros Sefcovic said on Monday.
“The feeling on our side was that we are very close to an agreement,” Sefcovic said before a meeting with EU trade ministers in Brussels, adding that the 30% tariff U.S. President Trump has threatened to impose on the EU would practically eliminate trade.
On Sunday, the EU said it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement.
Meanwhile, Italy’s Foreign Minister Antonio Tajani said on Monday in a newspaper interview that the EU has already prepared a list of tariffs worth 21 billion euros ($24.5 billion) on U.S. goods if the two countries fail to reach a deal.
