U.S. Trade Representative Jamieson Greer is preparing to tell European Trade Commissioner Maros Sefcovic on Friday that a recent “explanatory note” shared by Brussels for the talks falls short of U.S. expectations, the newspaper said, citing unnamed sources.
“The priority for the EU is to seek a fair, balanced deal with the U.S., one that our massive trade and investment relationship deserves,“ Olof Gill, the European Commission spokesperson for trade, told Reuters in an email.
The FT reported that the European Union has been pushing for a jointly agreed framework text for the talks but the two sides remain too far apart.
In response, the 27-nation EU suspended its own plans to impose retaliatory tariffs on some U.S. goods and proposed zero duties for all industrial goods on both sides.
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