EU plans to be back at talk with the US! Here’s who we think needs it more…
On Wednesday, the European Union announced its intention to resume discussions with the United States regarding the reduction of Section 232 tariffs on steel and aluminium. This move comes as various nations seek to address ongoing trade tensions. EU Trade Commissioner Maros Sefcovic is scheduled to meet with US Trade Representative Jamieson Greer in the coming days to discuss the possibility of removing or reducing the current tariffs, as Sefcovic informed a Bloomberg reporter. But does European Union really need to stress on negotiation when they are accustomed with the ‘tariff structure’ from long before?
The European Union has had its own tariff policy
While the United States has taken the centre stage for the past 8years or so whenever the word ‘tariff’ has been uttered, it is evidently not the only one implementing tariffs on others. The European Union has long been involved in the ball game of tariffs.
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