The EU proposed a zero-for-zero tariff deal to the US on cars and industrial goods ahead of escalating trade tensions instigated by Donald Trump. EU Trade Commissioner Maros Sefcovic reaffirmed the EU's willingness to engage in dialogue while also marking the initial stages of discussions. This proposition comes amidst Trump's tariffs aimed at addressing the US trade deficit with the EU. Although Sefcovic maintained the EU's firm stance on VAT concerns, he indicated readiness for negotiations that would yield mutual benefits.
Maros Sefcovic, the EU commissioner for trade, stated that the EU proposed zero tariffs on cars and industrial goods during discussions with the US, indicating openness for negotiations.
The EU is ready to discuss tariff negotiations, but Sefcovic emphasized that it must culminate in a mutually advantageous solution, indicating that discussions may take time.
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