EU considers reducing tariffs on goods imported from the United States
Internet reports that according to the Wall Street Journal, people familiar with the matter revealed that the EU is considering reducing tariffs on a series of U.S. imports in order to quickly reach a trade agreement with President Trump. EU leaders are scheduled to meet in Brussels on Thursday evening local time to discuss how much concessions they are willing to make to win Trump's support. Other preferential measures being considered include lowering non-tariff barriers and increasing purchases of products such as U.S. liquefied natural gas. Sources familiar with the negotiations said many European officials and diplomats have now accepted the Trump administration's intention of eliminating the 10% benchmark tariff and are instead focusing on seeking as many exemptions as possible to mitigate the economic impact of these and other tariffs. Germany and Italy are taking the lead in pushing the EU and the United States to quickly reach a preliminary agreement. People familiar with the matter said such agreements could only take a few pages, and details could be updated in subsequent negotiations.
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