The European Union is ready to negotiate a tariff-free trade pact with the United States while preparing countermeasures against US tariffs on steel and aluminum. EU Trade Commissioner Maros Sefcovic emphasized the priority of avoiding a trade war, adaptive countermeasures, and member states' feedback in their approach. Although the EU plans to impose retaliatory duties starting next week, Sefcovic has expressed confidence in reaching a compromise with the US, highlighting a cautious stance among EU countries that rely heavily on US trade.
The European Union has signalled its willingness to negotiate a tariff-free trade pact with the United States, while preparing to retaliate against US tariffs on steel and aluminium.
We are finalising the list tonight, but I can tell you that it will not be up to the level of 26 billion euros, because we've been listening very carefully to our member states.
While the EU's preference remains negotiation, Sefcovic warned that the bloc was ready to escalate its response if necessary, including the use of the Anti-Coercion Instrument.
Sooner or later, we will sit at the negotiation table with the US and find a mutually acceptable compromise, Sefcovic said, signaling the EU's readiness for discussions.
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