EU plans to buy 50 billion euros more of U.S. goods to resolve trade issues

Odaily News According to the Financial Times, the EU's chief negotiator said Brussels hopes to increase purchases of US goods by 50 billion euros to resolve "problems" in the trade relationship, adding that the EU is making "some progress" in reaching an agreement. However, EU Trade Commissioner Šefčovic said the EU would not accept the continued 10% tariff on its goods as a fair solution to trade negotiations. Šefčovic said the United States and the EU have made progress through multiple rounds of face-to-face and telephone negotiations since the Trump administration implemented tariffs. He added that "his goal" remains to reach a "balanced and fair" agreement with the White House. He said the issue could be resolved quickly as the two sides reached an agreement to buy more US natural gas and agricultural products. But he warned that it would be "very difficult" to reach an agreement that "is clearly good and acceptable to our member states and the European Parliament."