more to come
Politico with the report, in brief:
- U.S. has offered the European Union a trade proposal that would apply a 10% baseline tariff on EU goods, while granting exceptions for certain sensitive sectors like aircraft and spirits, according to EU officials.
- EU Trade Commissioner Maroš Šefčovič has been in contact with U.S. officials following a call between Trump and European Commission President Ursula von der Leyen.
- diplomats say no firm deal has been secured, and uncertainty remains high.
- The U.S. has not agreed to EU requests for exemptions on politically sensitive sectors like automobiles, steel, aluminium, or pharmaceuticals
- The European Commission declined to comment, saying only that negotiations are ongoing
This article was written by Eamonn Sheridan at www.forexlive.com.
