Sunday 21 April 2019

Deal hope: EU says it is ready for trade talks with Trump

Donald Trump
Donald Trump

Philip Blenkinsop/Reuters

EUROPE is ready to starts talks on a trade agreement with the United States and could conclude a deal before the end of the year, EU Trade Commissioner Cecilia Malmstrom said yesterday.

EU countries approved two negotiating mandates - one to cut tariffs on industrial goods, the other to make it easier for companies to show that products meet EU or US standards.

Of the 28 EU countries, only France voted against, while Belgium abstained. The EU governments agreed not to conclude negotiations until Washington removed tariffs on EU steel and aluminium and will suspend negotiations if the administration of US President Donald Trump (pictured) imposes new tariffs, such as on cars.

Irish Independent

Also in Business