US and EU Trade Talks to Resume After Two-Month Hiatus Amid Ongoing Disagreements Over Tariffs
High-level trade talks between the United States and European Union are set to resume next week in Brussels, marking a two-month pause aimed at resolving contentious issues surrounding their July tariff deal. The resumption of negotiations comes as Washington officials express frustration with the EU's slow pace of implementation on the agreement, which is not legally binding.
U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet with top EU officials, ministers, and industry leaders to discuss outstanding sticking points, including tariffs on steel and aluminum, as well as levies on food and drink products. The face-to-face talks are a significant development, following a six-week U.S. government shutdown that began in October.
The ongoing tensions have been fueled by the EU's slow pace of implementing the July agreement, which imposed a 15% levy on most EU imports into the US. Several member states, including France and Ireland, have expressed concerns over the impact of these tariffs on wine and spirits, as well as whiskey production.
Industry insiders say persuading the U.S. to exempt steel derivatives from the original deal struck in July is a top priority. The U.S. has proposed listing 407 products with an element of steel, which would face separate tariffs, and has indicated plans to add another 700 products to this list.
The EU's "ringfencing" proposal to protect domestic steel industries against cheaper Chinese imports could also be on the agenda for discussion. Brussels hopes that this initiative will persuade U.S. President Donald Trump to slash his 50% tariffs on EU steel, which has been a major point of contention between the two parties.
As negotiations resume, it remains to be seen whether the EU and US can reach a mutually acceptable agreement, or if further tensions will arise from their ongoing trade disputes.
High-level trade talks between the United States and European Union are set to resume next week in Brussels, marking a two-month pause aimed at resolving contentious issues surrounding their July tariff deal. The resumption of negotiations comes as Washington officials express frustration with the EU's slow pace of implementation on the agreement, which is not legally binding.
U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet with top EU officials, ministers, and industry leaders to discuss outstanding sticking points, including tariffs on steel and aluminum, as well as levies on food and drink products. The face-to-face talks are a significant development, following a six-week U.S. government shutdown that began in October.
The ongoing tensions have been fueled by the EU's slow pace of implementing the July agreement, which imposed a 15% levy on most EU imports into the US. Several member states, including France and Ireland, have expressed concerns over the impact of these tariffs on wine and spirits, as well as whiskey production.
Industry insiders say persuading the U.S. to exempt steel derivatives from the original deal struck in July is a top priority. The U.S. has proposed listing 407 products with an element of steel, which would face separate tariffs, and has indicated plans to add another 700 products to this list.
The EU's "ringfencing" proposal to protect domestic steel industries against cheaper Chinese imports could also be on the agenda for discussion. Brussels hopes that this initiative will persuade U.S. President Donald Trump to slash his 50% tariffs on EU steel, which has been a major point of contention between the two parties.
As negotiations resume, it remains to be seen whether the EU and US can reach a mutually acceptable agreement, or if further tensions will arise from their ongoing trade disputes.