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EU and US Accelerate Talks to Resolve Trade Dispute During Tariff Truce

Negotiators agree to intensify technical work and involve senior officials as the EU offers to boost US goods purchases by €50 billion while preparing countermeasures if talks fail.

El Comisario Europeo de Comercio, Maros Sefcovic, y el viceministro polaco de Economía, Michał Baranowski, en rueda de prensa.
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Overview

  • The EU and US have agreed to accelerate technical negotiations and involve higher-level officials to address trade imbalances and other key issues during a 90-day tariff truce.
  • The EU has paused its retaliatory measures to give negotiations space, but has prepared a €95 billion countermeasure package if a balanced agreement cannot be reached.
  • Brussels has offered to increase purchases of US goods, including soy and liquefied natural gas, by €50 billion to address the US goods trade deficit.
  • Key negotiation points include the US goods trade deficit, the EU's service trade deficit, overcapacity in certain markets, and cooperation on raw materials and critical technologies.
  • EU officials emphasize the need for a fair and durable agreement, warning that they will not accept an imbalanced deal similar to recent US-UK trade terms.