EU Calls for Restoring Pro Trump Trade Relations with US

The European Union's ambassador to the United States Mr Stavros Lambrinidis during a US Chamber of Commerce online event urged US President Mr Joe
EU Calls for Restoring Pro Trump Trade Relations with US
EU USMedium

The European Union's ambassador to the United States Mr Stavros Lambrinidis during a US Chamber of Commerce online event urged US President Mr Joe Biden's administration to immediately lift tariffs imposed on steel and aluminum imports from the EU and to work to settle a longstanding dispute over aircraft subsidies. Mr Lambrinidis told that EU is ready to work with the United States to strengthen the transatlantic trade relationship and had no desire to erect a Fortress Europe. He said “There is no interest in becoming a Fortress Europe. This will never happen. We want to deal with trade disputes with the US quickly, effectively and now. We are entirely ready to work with the United States on looking at trade around the world. EU is ready to immediately lift its own retaliatory tariffs of 25% if the United States removed the Section 232 tariffs of 25% on steel and 10% on aluminum. Doing so would provide a big boost to many sectors in both regions."

He also called on the United States to help revive the defunct Appellate Body of the World Trade Organization. "

EU has proposed the creation of a trade and technology council to tackle issues of concern, including cyber security threats, setting standards for artificial intelligence, export controls and investment screening

Effective June 1, 2018, US imposed additional tariffs of 25% and 10% on steel and aluminum imports from almost all countries, including EU. In response, EU had triggered the retaliatory tariffs also in June 2018.

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