Home / Business and Economy / US Officials Push EU on Slow Trade Deal Action
US Officials Push EU on Slow Trade Deal Action
22 Nov
Summary
- US officials to meet EU leaders in Brussels to discuss trade deal implementation.
- Frustration in Washington over the EU's slow pace on a July tariff agreement.
- Outstanding issues include steel tariffs and food/drink levies, to be discussed Monday.
High-level US officials are set to convene in Brussels for crucial trade negotiations, aiming to expedite the implementation of a tariff agreement reached in July. Washington has expressed clear frustration with the European Union's measured pace in enacting the deal, which is not yet legally binding and requires parliamentary approval.
The agenda for Monday's meetings includes persistent sticking points such as the existing 50% tariffs on steel and aluminum, as well as levies on food and drink products. Several EU member states, including France and Ireland, are particularly keen on seeing the 15% tax on wine and spirits reduced.
Further discussions will cover the ongoing chip supply crisis from China and potential alignment to protect domestic steel industries against Chinese imports. The US officials' visit underscores the urgency of resolving these trade complexities before they escalate further.
