WASHINGTON: EU commerce chief Maros Sefcovic mentioned Thursday (Feb 28) that reciprocity in tariffs ought to be made to work for each the bloc and Washington, after talks together with his counterparts in US President Donald Trump’s administration.
Whereas the US is planning “reciprocal tariffs,” the European Union is open to working with Trump officers in the direction of decreasing duties for industrial items and stepping up purchases of US merchandise, Sefcovic informed reporters.
“We will probably be able to look (at) how we will decrease the import duties for all industrial merchandise,” he mentioned, a day after assembly Commerce Secretary Howard Lutnick and US Commerce Consultant nominee Jamieson Greer.
Trump has taken intention on the EU and others over commerce, asserting plans for sweeping duties tailor-made to every US buying and selling associate, and bearing in mind non-tariff components.
However Sefcovic burdened after his four-hour assembly with commerce counterparts that if Washington had been searching for reciprocity, “it should work for each” sides.
