According to Golden Finance, the Financial Times reported that the US and the EU have launched trade negotiations to avoid the worst impacts of Trump's tariff policy, breaking the previous stalemate where the EU was nearly at the bottom of the negotiation queue.
According to four informed sources and a briefing from the Financial Times, both sides recently exchanged negotiation documents for the first time, covering areas such as tariffs, digital trade, and investment opportunities. Sabine Weyand, the EU's chief trade negotiator, told ambassadors from member states that the EU needs to remain calm and should not yield to the US's desire for a 'quick win.' The briefing indicated that she warned that some US tariffs may persist, particularly those targeting industries such as steel and automobiles, where the US seeks to bring production back home. Trump previously accused the EU of 'exploiting America,' and currently, the negotiations between the EU and the US are still lagging behind those with Japan, South Korea, the UK, and Vietnam.