PARIS (AP) — Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses. European Union top trade negotiator Maroš Šefčovič met Wednesday with U.S. Trade Representative Jamieson Greer on the sidelines of a meeting of the Organization […]
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US and Europe trade negotiators discuss tariffs in Paris
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PARIS (AP) — Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.
European Union top trade negotiator Maroš Šefčovič met Wednesday with U.S. Trade Representative Jamieson Greer on the sidelines of a meeting of the Organization for Economic Cooperation and Development.
Šefčovič says in a post on X that the sides are “advancing in the right direction at pace” and staying in close contact.
Brussels and Washington are unlikely to reach a substantive trade agreement in Paris. The issues dividing them are too difficult to resolve quickly.
Meantime, markets on Wall Street inched up quietly as President Donald Trump’s 50% tariffs on imports of steel and aluminum were due to kick in and U.S and European trade officials met in Paris to negotiate their tariff spat.