US-EU Trade Talks Advance Amid New Tariffs

Trade negotiations between the US and EU are advancing despite the US doubling steel and aluminum tariffs to 50%, with both sides calling the talks productive and ongoing. EU Trade Commissioner Maroš Šefčovič and US Trade Representative Jamieson Greer recently met in Paris, agreeing to maintain momentum, although Šefčovič criticized the tariffs as counterproductive. The talks have been restructured, with technical meetings taking place in Washington to address persistent sticking points. European businesses have voiced concern over the tariffs and are urging the EU to seek their removal. The US administration's broader tariff policy is also targeting other major economies, including China. The results of these accelerated negotiations could significantly affect transatlantic trade and global markets if retaliatory actions proceed.