EU prepared to barter on automotive tariffs with Trump, commerce commissioner says

POLITICO has the report, right here.

In abstract:

• The EU is open to lowering its 10% tariff on vehicles as a part of broader negotiations with the U.S.
• EU Commerce Commissioner Maroš Šefčovič signaled willingness to debate a bigger commerce deal, together with tech laws and protection spending.
• President Trump has criticized the EU’s automotive tariffs and threatened “reciprocal tariffs” on numerous sectors, together with autos, semiconductors, and prescribed drugs.
• Šefčovič countered Trump’s complaints, arguing that the EU’s common industrial tariffs are similar to the U.S. and highlighting the U.S. 25% tariff on pickup vehicles.
• The U.S. commerce deficit with the EU in items was $235.6 billion in 2024, however together with companies, the deficit drops to round $50 billion.
• Šefčovič warned of retaliation if Trump imposes sweeping tariffs however emphasised hopes for a diplomatic decision.
• Conferences deliberate with senior U.S. officers, together with Commerce Secretary Howard Lutnick, Commerce Consultant-nominee Jamieson Greer, and senators from each events.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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