It doesn't sound like the US and EU make a quick deal on trade that will drop the 50% tariffs that Trump recommended today and to go into effect on June 1.
The US is fully engaged and committed to securing a deal that works for both EU commission remains ready to work in good faithEU-US trade is unmatched and must be guided by mutual respectIt's tough to tell which way this is going to go but at least Sefcovic didn't go full-China style and announce immediate retaliatory tariffs -- though there's an argument that's the optimal strategy.
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