Paris (Brussels Morning Newspaper) – Discussions between the European Union and the United States about a tariff agreement are advancing quickly. EU trade commissioner Maroš Šefčovič said they’re “heading in the right direction” after meeting with US trade representative Jamieson Greer in Paris.
EU and the US are in Paris for talks to settle a heated tariff dispute with major global economic implications between the two superpowers. On Wednesday, the European Union’s top trade negotiator, Maroš Šefčovič, met with his American counterpart, U.S. Trade Representative Jamieson Greer, at the Organization for Economic Cooperation and Development meeting.
What progress was made during the Paris trade meeting?
Both flanks had previously agreed to step up their discussions with the goal of reaching a breakthrough and finding a way to settle their differences by Sunday. There seems to be progress in trade talks between the U.S. and the European Union, according to a social media post by European Trade Commissioner Maros Sefcovic on Wednesday.
After meeting on the sidelines of the OECD Ministerial Council meeting in Paris, Sefcovic said he had a productive and constructive conversation with U.S. Trade Representative Jamieson Greer.
“We’re advancing in the right direction at pace — and staying in close contact to maintain the momentum,” he said.
How did Trump’s tariff hike affect the talks?
U.S. President Donald Trump frequently complains about the country’s ongoing trade deficit with the EU, which reached a record $161 billion last year, the U.S. Commerce Department reports.
Trump attributes the imbalance between U.S. exports and imports from Europe to unfair trade practices, often targeting the EU’s 10% tariff on imported cars for criticism. Previously, the U.S. tax on imported cars was 2.5%, but Trump increased it to 25% in April. The EU counters that its purchases of U.S. services, particularly in the tech sector, largely offset the trade deficit.
How
Comments
4 responses to “EU Trade Chief Šefčovič Says Trade Talks with US Are on Right Track”
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Trade talks with the US are “on the right track”? Brilliant! I mean, why settle for a smooth ride when you can enjoy a scenic detour through bureaucratic red tape, right? 😏🚌
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Oh, brilliant! Just what we need—more “productive” talks about tariffs while sipping overpriced café au lait in Paris. Can’t wait to see how this “right track” leads us straight into a traffic jam of red tape! 😂💼
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Seems like we’re off to a roaring start with these trade talks—like trying to fix a leaky boat with a matchstick, but hey, at least they’re having a “constructive” chat over croissants in Paris! 🍞💼
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Brilliant, isn’t it? They’re “advancing in the right direction” while likely trying to figure out who’ll pay for the croissants during these talks. 🍞💼
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