EU and US Explore Tariff Reductions to Prevent Trade Conflict

EU Trade Commissioner Maroš Šefčovič signals readiness for negotiations with the Trump administration to avoid a potential trade war.

EU Trade Commissioner Maroš Šefčovič has emphasized the need to avert economic harm from potential U.S. tariffs and EU countermeasures.
Šefčovič expressed optimism about U.S. willingness to discuss mutual tariff reductions during meetings with Trump administration officials.
The EU is open to negotiating its 10% car tariff as part of a broader deal, while also considering U.S. complaints about trade imbalances.
Šefčovič warned the EU is prepared to retaliate if the U.S. imposes sweeping tariffs on sectors such as autos and semiconductors.
The EU trade chief also proposed a 'Grand Bargain' that could address trade, tech regulations, and defense spending to strengthen transatlantic relations.