{"id":15283,"date":"2025-05-26T19:35:49","date_gmt":"2025-05-26T19:35:49","guid":{"rendered":"https:\/\/topat10.com\/?p=15283"},"modified":"2025-05-26T19:35:49","modified_gmt":"2025-05-26T19:35:49","slug":"eu-plans-to-fast-track-trade-talks-with-us-amid-tariff-fight","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=15283","title":{"rendered":"EU plans to \u2018fast track\u2019 trade talks with US amid tariff fight"},"content":{"rendered":"\n

The European Union said it agreed to accelerate negotiations with the US to avoid a transatlantic trade war, signaling a more amicable approach just days after President Donald Trump criticized the bloc for taking advantage of the US and slow-walking talks. <\/p>\n

\u201cThere\u2019s now a new impetus for the negotiations,\u201d Paula Pinho, a spokeswoman for the European Commission, told reporters on Monday, a day after Commission President Ursula von der Leyen spoke with Trump by phone. \u201cThey agreed both to fast track the trade negotiations and to stay in close contact.\u201d<\/p>\n

Following the call, Trump extended the deadline to hit the EU with 50% tariffs by more than a month to July 9 to allow for more negotiations. \u201cWe had a very nice call and I agreed to move it,\u201d Trump told reporters Sunday.  <\/p>\n

Talks so far have been beset with a multitude of problems, with no clear path to finding a middle ground that will appease them both. The Europeans have complained that it\u2019s not clear what the US wants or even who speaks for the American president, and the US has said the EU unfairly targets US companies with lawsuits and regulations.\u00a0<\/p>\n

The EU\u2019s trade chief, Maros Sefcovic, was expected to speak with US Commerce Secretary Howard Lutnick on Monday. EU ambassadors were also scheduled to hold a last-minute meeting on Monday to discuss the latest developments with the commission.<\/p>\n

US and European equity-index futures climbed along with Asian stocks on Monday. The dollar fluctuated after falling to its lowest level since December 2023.<\/p>\n

Trump\u2019s 50% tariff threat would hit $321 billion worth of US-EU goods trade, lowering US gross domestic product by close to 0.6% and boosting prices by more than 0.3%, according to Bloomberg Economics calculations.<\/p>\n

After an initial exchange of papers, the US last week rejected a\u00a0proposal sent<\/a>\u00a0by the commission, which handles trade matters on behalf of the EU\u2019s 27 member states. The EU had offered to jointly remove tariffs on industrial goods, to boost access for some American agricultural products and to co-develop AI data centers, Bloomberg reported. \u00a0<\/p>\n

While the EU has said its priority is to find a negotiated solution with the US, it\u2019s also been preparing to retaliate if necessary.<\/p>\n

The EU has approved tariffs on \u20ac21 billion ($23.9 billion) of US goods in response to Trump\u2019s metals levies that can be quickly implemented. They target politically sensitive American states and include products such as soybeans from Louisiana, home to House Speaker Mike Johnson, as well as agricultural products, poultry and motorcycles.   <\/p>\n

The bloc is also preparing an additional list of tariffs on \u20ac95 billion of American products. Those measures, which are in response to Trump\u2019s \u201creciprocal\u201d levies and automotive duties would target industrial goods including Boeing<\/a> Co. aircraft, US-made cars and bourbon. <\/p>\n

Some member states have been urging cool heads as the tariff deadline nears. German Economy Minister Katherina Reiche said the EU and US need \u201cto calm down\u201d ahead of the talks. <\/p>\n

\u201cWe need to find common ground. That must be the goal,\u201d Reiche said at a Handelsblatt event in Heilbronn on Monday. At the same time, the US must understand that tariffs also hurt them, she said. \u201cThere are still six weeks left to find a solution,\u201d said Reiche.<\/p>\n

This story was originally featured on Fortune.com<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"

The European Union said it agreed to accelerate negotiations with the US to avoid a transatlantic trade war, signaling a more amicable approach just days after President Donald Trump criticized the bloc for taking advantage of the US and slow-walking talks.  \u201cThere\u2019s now a new impetus for the negotiations,\u201d Paula Pinho, a spokeswoman for the […]<\/p>\n","protected":false},"author":783,"featured_media":15284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[123],"tags":[],"class_list":["post-15283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nEU plans to \u2018fast track\u2019 trade talks with US amid tariff fight | Unlock Informed Choices with Us<\/title>\n<meta name=\"description\" content=\"While the EU has said its priority is to 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