EU Offers Zero Tariffs on Industrial Goods to US

In a bold move to strengthen transatlantic trade relations, European Commission President Ursula von der Leyen announced the European Union's proposal for a "zero for zero" tariff agreement on industrial goods with the United States. This initiative aims to eliminate tariffs bilaterally, fostering a more open and competitive market environment.

Readiness to Negotiate and Countermeasures

During a press conference, von der Leyen emphasized the EU's willingness to engage in negotiations to achieve a beneficial deal for both parties. However, she also highlighted the bloc's preparedness to implement countermeasures if necessary, underscoring the EU's commitment to protecting its economic interests.

Establishment of Import Surveillance Task Force

To safeguard against potential indirect tariff impacts, the EC president unveiled plans to form an "Import Surveillance Task Force." This body will play a crucial role in monitoring trade flows and ensuring the EU's interests are defended in the global market.

Stay tuned for further updates on this developing story.