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European and American trade officials will meet on Wednesday, with the European Union reiterating its warning on retaliatory tariffs.

2 days ago

On Monday, an EU spokesperson stated that during the weekend, the EU had sent a technical team to Washington for trade negotiations with the Trump administration. The EU had warned that if Trump potentially increased steel tariffs to 50%, it could endanger the negotiations between the two major economies and trigger retaliatory tariffs on U.S. goods. On Monday, the spokesperson reiterated this warning and said that if "our negotiations do not lead to a balanced result," the EU is prepared to take retaliatory measures. EU Trade Commissioner Šefčovič is expected to meet with U.S. Trade Representative Grier in Paris on Wednesday. (Golden Finance)
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