EU, US can reach a trade deal as early as November

According to reporters in Brussels, European Union (EU) Trade Commissioner Valdis Dombrovskis said on September 28 that discussions to resolve the trade dispute on steel and aluminum between the US and EU were "progressing" and An agreement could be reached as early as November.

European Union (EU) Trade Commissioner Valdis Dombrovskis at a press conference in Brussels, Belgium. File photo: AFP
European Union (EU) Trade Commissioner Valdis Dombrovskis at a press conference in Brussels, Belgium. File photo: AFP

In an interview with the press during his visit to the US, Mr. Valdis Dombrovskis emphasized that "both sides are willing to work together to find a solution" and "we still have time". doing is “trying” to work to resolve the conflict.

Commissioner Valdis Dombrovskis previously met with US Trade Representative Katherine Tai and Trade Minister Gina Raimondo on September 28 before attending the first meeting of the EU-US Trade and Technology Council (TTC). ) on September 29 and 30 in Pittsburgh.

The US and EU both want to reach an agreement to resolve the trade dispute on steel and aluminum by December 1, 2021. However, according to Commissioner Valdis Dombrovskis, the two sides need to reach an agreement by early November because "we only have about a month before the tariffs automatically renew".

Valdis Dombrovskis said the TTC was "proof of the EU's goodwill in strengthening relations with the US". In addition, Mr. Dombrovskis also mentioned a number of essential criteria to allow the two sides to reach an agreement because the agreement must be consistent with World Trade Organization (WTO) rules and respect "relationship". EU-US trade.

Previously, in June 2018, citing national security reasons, the administration of former President Donald Trump imposed an additional 25% tax on steel and 10% on aluminum from some regions. world, including the EU. The European side quickly reacted by imposing tariffs on US imports into the EU such as Harley-Davidson motorcycles, Levi's jeans, tobacco, corn, rice, and orange juice.

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