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EU Upbeat on US Tariff Agreement
Hindustan Times Rajasthan
|May 16, 2025
Top trade officials from the European Union's member states expressed increased confidence that they can reach an agreement to dial back the US's tariff hikes after the Trump administration struck a tentative deal with the UK and agreed to significantly de-escalate its conflict with China.
BRUSSELS:
Ahead of a gathering in Brussels, on Thursday, the officials welcomed the US's recent moves to dial back its trade war while indicating they want to ensure that any deal is in the trading bloc's interests.
"We are seeing some elements of optimism because we are seeing elements of de-escalation on the American side," said Michal Baranowski, undersecretary of state at the ministry of economic development and technology of Poland.
"Negotiations with the EU are speeding up."
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