BRUSSELS: The European Commission has received a text from the U.S. administration with suggestions about finalising a joint statement on trade and tariffs, a European Commission spokesman said in response to reporters' question on Thursday.
AI Brief
"We are happy to confirm that we have received a text from the US with their suggestions for getting closer to the final finalisation of the document," the spokesman said.
The EU and the United States struck a framework trade deal in late July but only the baseline tariff of 15% has so far been implemented. The EU is still waiting for the White House to issue executive orders to cover carve-outs, such as on the automotive industry.
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AI Brief
- The US has shared updated suggestions to help finalise the trade agreement with the EU.
- Only the basic 15% tariff has been implemented; key details like industry carve-outs are pending.
- The EU is waiting for the White House to issue executive orders, especially on sectors like automotive.
"We are happy to confirm that we have received a text from the US with their suggestions for getting closer to the final finalisation of the document," the spokesman said.
The EU and the United States struck a framework trade deal in late July but only the baseline tariff of 15% has so far been implemented. The EU is still waiting for the White House to issue executive orders to cover carve-outs, such as on the automotive industry.
