EU Proposes €50B Trade Deal to Avert Trump Tariffs
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The European Union has tabled a €50 billion offer to increase purchases of U.S. goods, aiming to defuse trade tensions before Trump’s tariffs take effect in July. EU Trade Commissioner Maroš Šefčovič framed the proposal as a strategic move to address Washington’s concerns over a perceived trade deficit with Europe.
Negotiations show "certain progress," Šefčovič told the Financial Times, though Brussels remains firm in rejecting the 10% tariffs as unacceptable. The deal could theoretically eliminate the €50B trade gap cited by the U.S., but both sides appear entrenched ahead of the looming deadline.
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