** EU vs. US **
* EU Wants More in U.S. Trade Deal Than U.K. or China Got! *
The European Union wants a trade deal with the U.S. that sees a larger reduction in tariffs than negotiations with the U.K. and China have so far yielded, officials from the bloc said Thursday.
The Polish official noted that the EU is on day 37 of the 90-day pause, and “has time” to secure the broad deal that it seeks.
“We don’t need a quick deal, we need a good deal,” Baranowski said. “So does America. We have time.”
Officials said negotiations between the European Union and the U.S. are making progress.
Sweden’s trade minister said the EU should retaliate with higher tariffs on imports from the U.S. if a 10% baseline tariff were to be the final offer from the Trump administration.
“It’s far away from good for trade,” said Benjamin Dousa. “If that’s what’s waiting for Europe, the U.S. can expect countermeasures from our side.”
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Source: Yahoo Finance
