EU Offers Zero-Tariff Proposal to US

In a bold move to ease trade tensions, European Commission President Ursula von der Leyen announced the European Union's offer of a "zero-for-zero" tariff agreement on industrial goods with the United States. This proposal comes as part of ongoing efforts to negotiate a mutually beneficial trade deal.

Ready to Negotiate or Counteract

Von der Leyen emphasized the EU's readiness to engage in negotiations for a "good deal" but also warned of preparedness to "take countermeasures" if necessary. The establishment of an "Import Surveillance Task Force" was announced to safeguard the EU's interests against potential indirect tariff impacts.

Strengthening the Single Market and Diversifying Trade

The EU aims to fortify its single market and diversify its trade relationships. "We will focus, like a laser beam, on the 83% of global trade that is beyond the US," von der Leyen stated, highlighting a strategic shift towards broader global trade engagements.