the sun malaysia ipaper logo 150x150
Saturday, July 25, 2026
27.6 C
Kuala Lumpur
the sun malaysia ipaper logo 150x150

Trump pushes EU to cut tariffs or face extra duties, FT reports

U.S. President Donald Trump’s trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in talks to avoid additional 20% “reciprocal” duties, the Financial Times reported on Friday.

U.S. Trade Representative Jamieson Greer is preparing to tell European Trade Commissioner Maros Sefcovic on Friday that a recent “explanatory note” shared by Brussels for the talks falls short of U.S. expectations, the newspaper said, citing unnamed sources.

Reuters was unable to immediately verify the report. The Office of the United States Trade Representative did not respond to a Reuters request for comment outside regular business hours.

“The priority for the EU is to seek a fair, balanced deal with the U.S., one that our massive trade and investment relationship deserves,“ Olof Gill, the European Commission spokesperson for trade, told Reuters in an email.

The European Union continues to actively engage with the U.S., with Commissioner Sefcovic due to speak to Greer on Friday, Gill added.

The FT reported that the European Union has been pushing for a jointly agreed framework text for the talks but the two sides remain too far apart.

The U.S. imposed 25% tariffs on EU cars, steel and aluminium in March and 20% tariffs on other EU goods in April. It then halved the 20% rate until July 8, setting a 90-day window for talks to reach a more comprehensive tariff deal.

In response, the 27-nation EU suspended its own plans to impose retaliatory tariffs on some U.S. goods and proposed zero duties for all industrial goods on both sides.

STAY AHEAD OF THE CURVE

Join our community for instant updates and exclusive content.

Join Telegram Channel

Related


spot_img

Latest News

Mengniu’s Chinese Culture Pavilion captivates the world at the FIFA World Cup

Mengniu has launched a 400-square-metre Chinese Culture Pavilion outside the FIFA World Cup Final venue in New York, showcasing traditional Chinese culture through immersive exhibits inspired by Beijing's Central Axis. The initiative reinforces Mengniu's commitment to promoting Chinese culture while expanding its global presence as an Official Sponsor of the 2026 FIFA World Cup.

House of Origin elevates the Cantonese culinary canon with pristine expressions for summer

House of Origin at Galaxy Macau has launched a new summer dining programme featuring a seasonal Cantonese menu, an exclusive 15-Year Moutai pairing dinner and a refined lunch service. The latest offerings celebrate premium seasonal ingredients, traditional Cantonese craftsmanship and contemporary culinary artistry.

Breaking the bed bug control industry bottleneck: Nobedbugs-HK redefines global bed bug eradication standards...

Hong Kong-based Nobedbugs-HK is setting a new benchmark in the global pest control industry with its proprietary thermal treatment technology and custom formulations. Having completed over 10,000 successful bed bug eradication projects, the company claims a 100% success rate while addressing long-standing challenges in residential and commercial pest control.

AIA Hong Kong leads industry again with most No.1 market positions in Q1 2026

AIA Hong Kong has once again emerged as the insurer with the most No.1 market positions in the first quarter of 2026, according to provisional statistics released by the Insurance Authority. The company led across multiple categories, including new business policies, inforce policies, agency channel premiums and group insurance, reinforcing its leadership in Hong Kong's insurance market.

Most Viewed

spot_img
WC26

World Cup 2026

Updates, Fixtures, Results & Standings