The US demands unbalanced trade concessions from the EU, raising concerns of potential EU retaliation
During the US-EU trade negotiations, the United States has demanded unilateral concessions from the European Union that EU officials view as unbalanced. If the terms of a potential agreement do not improve, the EU will face a difficult decision on whether to take countermeasures. According to sources familiar with the matter, the best-case scenario remains reaching an agreement in principle, allowing negotiations to continue beyond the early July deadline. Washington’s demands fall into three categories: the first involves measures related to fish export quotas, which EU officials say may not comply with WTO rules; the second concerns non-reciprocal tariff-related initiatives; and the third consists of a series of economic security requirements that EU officials describe as far-fetched. Sources indicate that even if an agreement is reached, many of Trump’s tariffs will remain in place. The EU has been seeking a mutually beneficial agreement and will assess any final outcome, deciding at that stage how much imbalance—if any—it is willing to accept. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
All three major U.S. stock indexes closed higher.
U.S. stocks closed with the Nasdaq and S&P 500 hitting new record highs, Tesla rose over 3%.
OpenAI Chairman: The AI Bubble Is Not Entirely Without Benefits
JPMorgan analysts warn: Fed rate cuts may hurt stock and bond markets
Trending news
MoreCrypto prices
More








