EU Readies New Trade Proposal for US as Tariff Talks Move Slowly

The European Union is revising its proposals for a potential trade deal with the US as the two sides move to accelerate serious negotiations, even though the Trump administration continues to provide little clarity and make demands that negotiators see as unrealistic, according to people familiar with the matter.

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The new EU proposal would provide more details on ways to lower trade and non-tariff barriers, as well as boost European investments within the US and purchases of US goods, including liquefied natural gas and semiconductors for use in artificial intelligence, said the people, who asked for anonymity to discuss sensitive talks.

Despite the slow progress in direct talks, European trade ministers said the EU and US are both moving to speed up the pace of negotiations after the US reached temporary trade truces with the UK and China.