The EU is ‘making progress’ toward a €50 billion trade deal with the US, trade commissioner tells FT

The EU is ‘making progress’ toward a €50 billion trade deal with the US, trade commissioner tells FT

Maroš Šefčovič, the European Union’s trade commissioner, said in an interview with the Financial Times Thursday that the bloc is making “certain progress” toward a trade deal with the United States, which would involve buying €50 billion more of US products.

This deal would address the “problem” in the two superpowers’ trade relationship, he said. But Financial Times reported that Šefčovič suggested the Trump administration would need to abandon its 10% across-the-board tariffs on European goods as a precursor to any trade arrangement.

 

The EU is ‘making progress’ toward a €50 billion trade deal with the US, trade commissioner tells FT

Historic Heatwave To Hit Northwest, Along With A Plague Of “Voracious Grasshoppers”

Meteorologists are warning of the worst heatwave that the…

Pennsylvania Lifts COVID-19 Mask Order After More Than a Year

As of 12:01 a.m. on Monday, June 28, Pennsylvania's long-standing…

U.S. Army Won’t Punish Chaplain for Criticizing Biden Transgender Policy

U.S. Army chaplain Major Andrew Calvert received a formal…