EU trade chief Maros Sefcovic is in Washington and due to meet his US counterparts later Thursday.
If no deal is reached, the default tariff on EU imports is expected to double to 20 percent or even higher -- Trump having at one point threatened 50 percent.
“It’s a huge task because we have the largest trade volume globally between the European Union and the United States,“ worth 1.5 trillion euros ($1.8 trillion).
The size of trade between the two transatlantic allies meant an agreement in detail was “impossible” to conclude in the 90-day window ending next week, she added.
The EU chief also made it clear that Brussels would not hold back from taking countermeasures to protect the European economy if talks fell short.
“This is why we consulted on a rebalancing list, and we will defend the European interest as needed,“ she added.
The EU has prepared counter-tariffs on US goods worth around 100 billion euros if talks yield no positive outcome. – AFP
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