EU's Sefcovic: Constructive discussion with Greer, we are advancing in right direction ...Middle East

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EUs Sefcovic: Constructive discussion with Greer, we are advancing in right direction
source : forex live ( Middle East ) () 25
We had substantive and constructive discussion with Greer, concluded we are advancing in right direction and pace.Main message from at trade talks in Paris is strong support for multi-lateral ties, strong rules based system.On US steel tariffs, we discussed this with Greer, told him we strongly regret it, and it does not help negotiations.Currently out discussions with the US are covering all the issues.The 50% US tariff hike on steel is a surprise.I still believe in negotiations with the US, believe we can achieve a positive result, but we are ready to defend out interests.Discussions on EU countermeasures are ongoing, we are following a rules-based procedure.We should do the most to get the deal before July 9th.We discussed things we believe we could work better together with the US, such as AI chips, semiconductors, critical materials, and energy security.We agreed on how to restructure the focus of our negotiations with the US.

This is a follow up to this news earlier. There's nothing "substantive" here and things will probably drag out until July.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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