The European Union is taking a firm stance in response to the latest tariffs imposed by the United States on EU goods, while keeping the door open for negotiations, according to Maros Sefcovic, European Commissioner for Trade and Economic Security.
Following an emergency meeting of the Foreign Affairs Council on Trade, Sefcovic confirmed that the tariffs, which now impact €380 billion ($416.8 billion) worth of EU exports, are set at levels ranging from 20% to over 25%.
Sefcovic acknowledged the difficulty of the current trade relationship with the US, describing it as being "in a tough spot." However, he emphasized that the EU is focused on initiating meaningful talks with the US, and that communication with US officials has remained open and transparent.
“We both face shared challenges, including global overcapacity, semiconductor competition, and access to critical minerals. If we work together, we could create a truly Trans-Atlantic marketplace that benefits both sides,” he said, underscoring the EU's commitment to collaboration.
He also mentioned that the EU had already made a significant offer by eliminating tariffs on cars and all industrial goods. Despite this, Sefcovic warned that engaging with the US on these matters would require time and effort, given that the US sees tariffs as not just a tactic but a corrective measure. Therefore, negotiations are still in their early stages.
While the EU continues to prioritize dialogue, Sefcovic made it clear that the EU will not wait indefinitely for tangible progress. “We will not wait endlessly until we see progress,” he stated, reaffirming the bloc’s readiness to act decisively on three fronts.
First, the EU will defend its interests with countermeasures, with a retaliatory tariff list already prepared, including exact tariff levels, which will be presented to EU countries for a vote on April 9. The duties will be implemented in two phases, starting on April 15 and May 15.
Second, the EU is working to diversify its trade relationships, with a focus on strengthening ties with countries such as India, Indonesia, Thailand, the Philippines, and nations in the Gulf region. Sefcovic expressed a desire to accelerate free trade agreement negotiations with these countries.
Third, the EU plans to prevent harmful trade diversions by enhancing its import surveillance system, which will allow it to respond swiftly to changes in global trade dynamics and protect the single market, EU producers, and consumers.
Sefcovic also reiterated the EU’s commitment to the global trade system, particularly as the US has stepped back from some of its obligations. “The EU represents 13% of global goods trade, and our priority, along with the rest of the WTO, is to protect the remaining 87% and ensure that the global trade system prevails for the rest of us,” he said.
On China, Sefcovic shared insights from his recent trip to Beijing, focusing on making the EU-China trade relationship more balanced. The discussions covered issues such as overcapacity, unfair subsidies, and market access barriers, with particular attention given to Chinese investment in Europe’s electric vehicle sector.
Sefcovic concluded by highlighting the importance of customs cooperation, with 91% of e-commerce packages entering the EU from China. “This was an important first step in putting our engagement with China on the right track,” he said.
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A new U.S.-supported initiative to deliver humanitarian aid into Gaza is expected to start operating shortly, U.S. Ambassador to Israel Mike Huckabee said Friday, though specific details are yet to be made public.
U.S. President Donald Trump signaled support for steep tariffs on Chinese imports, calling 80% levies “right” ahead of high-level trade talks in Geneva aimed at easing escalating tensions between Washington and Beijing.
France and Poland will sign a groundbreaking treaty on Friday to deepen cooperation on defence and energy, signaling a growing alignment among European nations.
European Commission President Ursula von der Leyen announced a renewed drive to establish a unified capital market across the EU, aiming to unlock private investment for defence, digitalisation, and climate initiatives, with significant progress expected before summer.
White House economic adviser Kevin Hassett said on Friday that early signs ahead of this weekend’s U.S.-China trade talks in Switzerland appear positive, with both sides showing mutual respect and a constructive tone.
A new U.S.-supported initiative to deliver humanitarian aid into Gaza is expected to start operating shortly, U.S. Ambassador to Israel Mike Huckabee said Friday, though specific details are yet to be made public.
U.S. President Donald Trump signaled support for steep tariffs on Chinese imports, calling 80% levies “right” ahead of high-level trade talks in Geneva aimed at easing escalating tensions between Washington and Beijing.
Kazakhstan and Pakistan signed a series of trade and transit agreements during a high-level business forum in Karachi, paving the way for expanded commercial cooperation and long-term logistics development between the two countries.
France and Poland will sign a groundbreaking treaty on Friday to deepen cooperation on defence and energy, signaling a growing alignment among European nations.
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