Unlock the publisher’s digest free
Roula Khalaf, editor -in -chief of the FT, selects her favorite stories in this weekly newsletter.
The United States did not tell the EU what it wanted to raise commercial prices, the European Commission said, after a two-hour meeting between the commercial negotiators of the two parties has made little progress.
The EU trade commissioner, Maroš Šefčovič, met on Monday the Secretary of Commerce Howard Lutnick to discuss the way of suppressing the so-called reciprocal rates imposed by the United States, as well as steel, aluminum and car samples, but the American side did not exist.
“We have to know more about the Americans. We must have a clearer idea of their favorite results in these negotiations,” EU’s commerce spokesman Olof Gill said on Tuesday.
Gill said that Šefčovič had repeated an offer to submit all the prices of industrial goods.
“The EU is doing its part. Now, it is necessary for the United States to define its position. As for each negotiation, it must be a double-meaning street … with both sides bringing something,” he said.
The White House and Commerce department immediately responded to a request for comments.
The United States has listed a long set of grievances when it imposed, then made a reciprocal price break on a large part of the world this month. But the calculations were based on the commercial surplus of the goods between them and the United States. The EU received 20%, based on the surplus of goods of $ 235 billion which it had in 2024.
Donald Trump said the EU should buy more liquefied natural gas, which Brussels had accepted in principle.
The American president also attacked the EU for not having bought enough cars and “non -tariff barriers” which exclude rinsed American chicken with chemicals based on chlorine and beef of hormones fed cattle. He has spoiled VAT and its digital regulation.
A few days after the taxation of prices, Trump abandoned them and applied only 10% sample for almost all countries for 90 days, while encouraging partners to seek agreements to reduce tasks permanently.
But on Monday, he also asked managers to prepare new measures against semiconductors and pharmaceuticals. Šefčovič reiterated the importance of resilient transatlantic supply chains in these sectors, Gill said.
Gill said that the meeting was a “targeted range” session, with the zero tariff plan and global overcapacity in the also covered steel and aluminum industries.
But he added that food security standards were “sacrosanvy”.
“The commissioner reiterated that the EU and the United States share many challenges and could take up jointly for the benefit of both parties,” he said.
“The EU will continue to approach these talks in a constructive manner, with a view to identifying the areas of common interest. It is clear that significant joint efforts will be necessary to achieve a success result in the 90 -day window. ”
The EU has interrupted its reprisals rates in response to steel and aluminum samples until July 14. He continued to work on new measures for other prices, said Gill, in the event of agreement.