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EU trade chief heads to Washington for trade talks
EU trade chief heads to Washington for trade talks

CNA

timean hour ago

  • Business
  • CNA

EU trade chief heads to Washington for trade talks

BRUSSELS: The European Union (EU)'s top trade negotiator Maros Sefcovic is jetting to Washington on Wednesday (Jul 16) for talks with his United States counterparts as the bloc renews its push to settle the transatlantic tariffs standoff. "Sefcovic is flying to DC this afternoon, for separate in-person meetings" with US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer, said European Commission trade spokesman Olof Gill. President Donald Trump threw months of EU-US talks into disarray at the weekend by threatening a 30 per cent levy on European goods from Aug 1 if the transatlantic allies don't strike a deal. Leading up to Saturday's missive, Brussels thought it was on the cusp of closing a deal with Washington, but EU officials remain hopeful they can reach an agreement by the end of the month. A technical team from the European Commission - which leads on trade for the 27-country bloc - had already travelled to Washington this week for more talks with US officials. The EU has until now sought to tackle trade tensions with the US through negotiations but has prepared retaliatory tariffs if no deal is made. On Monday, Brussels shared with EU states a list of US goods worth 72 billion euros (US$84 billion) that could be hit by levies - with several capitals urging the bloc this week to toughen its stance. The 202-page document seen by AFP lists big-ticket items like US-made aircraft, cars, chemicals and electrical equipment alongside sundry other items, such as live bees, camels, parrots, condoms and opium.

EU targets Boeing, bourbon for tariffs on American goods
EU targets Boeing, bourbon for tariffs on American goods

Time of India

time2 hours ago

  • Business
  • Time of India

EU targets Boeing, bourbon for tariffs on American goods

Brussels: The European Commission is targeting 72 billion euros ($84.1 billion) worth of US goods - from Boeing aircraft and bourbon whiskey to cars - for possible tariffs if trade talks with Washington fail. US President Trump is threatening a 30% tariff on imports from the EU from Aug 1, a level European officials say is unacceptable and would end normal trade between two of the world's largest markets. The list, sent to EU member states and seen by Reuters Tuesday, pre-dates Trump's move to ramp up pressure on the bloc and responds instead to US duties on cars and car parts and a 10% baseline tariff. The package also covers chemicals, medical devices, electrical and precision equipment as well as agriculture and food products valued at ₹6.35 billion. Following a meeting of EU ministers in Brussels on Monday, officials said they were still seeking a deal to avoid Trump's heavy tariff blow. But EU trade chief Maros Sefcovic said those at the meeting expressed unprecedented resolve to protect EU businesses using European countermeasures if talks with US fail to produce a deal. Reuters

EU trade chief to have trade talks in Washington DC, says EU spokesperson
EU trade chief to have trade talks in Washington DC, says EU spokesperson

Yahoo

time2 hours ago

  • Business
  • Yahoo

EU trade chief to have trade talks in Washington DC, says EU spokesperson

BRUSSELS (Reuters) -EU trade chief Maros Sefcovic will head to Washington D.C. on Wednesday for tariffs talks, an EU spokesperson told Reuters, adding that he will meet U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. U.S. President Donald Trump has threatened a 30% tariff on imports from the EU from August 1, a level Europe says is unacceptable and would end normal trade between two of the world's largest markets. The European Commission, which oversees trade for the EU, has prepared to target 72 billion euros ($83.63 billion) worth of U.S. goods - from Boeing aircraft and bourbon whiskey to cars - for possible tariffs if trade talks with Washington fail. The list, sent to EU member states and seen by Reuters on Tuesday, pre-dated Trump's move over the weekend to ramp up pressure on the 27-nation bloc and responded instead to U.S. duties on cars and car parts and a 10% baseline tariff. The package also covers chemicals, medical devices, electrical and precision equipment as well as agriculture and food products - a range of fruits and vegetables, along with wine, beer and spirits - valued at 6.35 billion euros. Trump's roll-out of his tariff policies has often been chaotic. His moves have upended decades of negotiated reductions in global trade barriers, unsettling international financial markets and threatening a new wave of inflation. The August 1 deadline gives targeted countries time to negotiate about lower tariff rates. Some economists have also noted Trump's pattern of backing off his tariff threats. ($1 = 0.8610 euros) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

EU threatens U.S. planes and whiskey while pressing for deal
EU threatens U.S. planes and whiskey while pressing for deal

Toronto Sun

time17 hours ago

  • Business
  • Toronto Sun

EU threatens U.S. planes and whiskey while pressing for deal

Jennifer Buchanan/POOL/AFP/File Photo by Jennifer Buchanan / POOL/AFP/File BRUSSELS — Brussels plans to target U.S. goods including planes, cars and whiskey if trade talks with Washington fail, according to a list seen by AFP on Tuesday, as the bloc renewed its push for a deal. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Trade commissioner Maros Sefcovic was to talk to U.S. counterpart Jamieson Greer Tuesday, a day after speaking with Commerce Secretary Howard Lutnick. The European Commission said that Brussels was still hopeful for a 'good outcome' in the tariffs standoff. U.S. President Donald Trump threw a curveball into months of EU-U.S. negotiations at the weekend when he announced he would slap a 30% levy on the bloc's goods from August 1 if no deal was made. Until Trump's ultimatum, the EU had been hoping for an accord last week that would stave off higher tariffs and avoid a damaging trade war with its biggest commercial partner. On Monday, Brussels shared with member states a list of U.S. goods worth 72 billion euros ($84 billion) that could be hit by levies if tariff negotiations fail — with several capitals urging the bloc to toughen its stance. This advertisement has not loaded yet, but your article continues below. The 202-page document, seen by AFP on Tuesday, lists big-ticket items like U.S.-made aircraft, cars, chemicals and electrical equipment alongside sundry other items, such as live bees, camels, parrots, condoms and opium. Bourbon whiskey, whose targeting faced resistance from France and Italy for fear of reprisals against European wine and spirits, also features. So are nails, snails, and Christmas trees. Commission spokesperson Olof Gill declined to provide details of Sefcovic's Monday call with Lutnick, but said a technical team from the commission, in charge of trade policy for the 27-nation EU, was heading to Washington 'as we speak.' 'We are in the most sensitive stage of those negotiations right now, working towards getting an agreement in principle over the line before the deadline,' he told reporters. 'We wouldn't be engaging in negotiations if we didn't think those negotiations could lead to a good outcome. So clearly, we think that an agreement in principle, as we have said, is within reach.' RECOMMENDED VIDEO NFL Editorial Cartoons Toronto & GTA Toronto & GTA Columnists

EU threatens US planes and whiskey while pressing for deal
EU threatens US planes and whiskey while pressing for deal

France 24

timea day ago

  • Business
  • France 24

EU threatens US planes and whiskey while pressing for deal

Trade commissioner Maros Sefcovic was to talk to US counterpart Jamieson Greer Tuesday, a day after speaking with Commerce Secretary Howard Lutnick. The European Commission said that Brussels was still hopeful for a "good outcome" in the tariffs standoff. US President Donald Trump threw a curveball into months of EU-US negotiations at the weekend when he announced he would slap a 30-percent levy on the bloc's goods from August 1 if no deal was made. Until Trump's ultimatum, the EU had been hoping for an accord last week that would stave off higher tariffs and avoid a damaging trade war with its biggest commercial partner. On Monday, Brussels shared with member states a list of US goods worth 72 billion euros ($84 billion) that could be hit by levies if tariff negotiations fail -- with several capitals urging the bloc to toughen its stance. The 202-page document, seen by AFP on Tuesday, lists big-ticket items like US-made aircraft, cars, chemicals and electrical equipment alongside sundry other items, such as live bees, camels, parrots, condoms and opium. Bourbon whiskey, whose targeting faced resistance from France and Italy for fear of reprisals against European wine and spirits, also features. So are nails, snails, and Christmas trees. Commission spokesman Olof Gill declined to provide details of Sefcovic's Monday call with Lutnick, but said a technical team from the commission, in charge of trade policy for the 27-nation EU, was heading to Washington "as we speak". "We are in the most sensitive stage of those negotiations right now, working towards getting an agreement in principle over the line before the deadline," he told reporters. "We wouldn't be engaging in negotiations if we didn't think those negotiations could lead to a good outcome. So clearly, we think that an agreement in principle, as we have said, is within reach." The commission's new list of reprisal targets comes in addition to a first package -- worth 21 billion euros -- which it drew up after Trump slapped tariffs on imports of EU steel and aluminium. That retaliation remains suspended until early next month to allow for more negotiations, and Gill said the EU would not decide on imposing the second round of tariffs before August 1. © 2025 AFP

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