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EU Trade Chief Meets U.S. Officials in Last-Ditch Effort to Avert Escalating Tariff Battle

Maroš Šefčovič seeks to negotiate reductions in U.S. tariffs as both sides brace for reciprocal measures and economic fallout.

  • EU Trade Commissioner Maroš Šefčovič is in Washington for high-level talks with U.S. officials, aiming to prevent further tariff escalations.
  • The U.S. has already imposed 25% tariffs on steel and aluminum imports, with additional reciprocal tariffs set to be announced on April 2, dubbed 'Liberation Day' by President Trump.
  • The EU has delayed its retaliatory tariffs on €21.5 billion worth of U.S. goods, including bourbon, to mid-April in hopes of progress in negotiations.
  • Šefčovič has signaled the EU's willingness to discuss reductions in automotive tariffs, but internal divisions persist among EU member states over retaliatory measures.
  • The trade dispute underscores broader tensions in global trade and risks straining economic ties between the EU and the U.S., two of the world's largest trading partners.
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