Please ensure Javascript is enabled for purposes of website accessibility
EU Official Meets With Trump Counterparts to Resolve Tariff Threats
gvw_ap_news
By Associated Press
Published 1 month ago on
February 20, 2025

Maros Sefcovic, EU Commissioner for Trade and Economic Security, attends the Annual Meeting of World Economic Forum in Davos, Switzerland, Thursday, Jan. 23, 2025. (Laurent Gillieron/Keystone via AP)

Share

Getting your Trinity Audio player ready...

WASHINGTON — Hoping to head off a potential trade conflict, a top European Union official stressed the importance of active engagement and fairness in trade during a four-hour meeting with Trump administration officials.

“The top objective as it was presented to us yesterday by our American partners is reciprocity,” Maroš Šefčovič, the European commissioner for trade and economic security, told reporters at a Thursday briefing.

Šefčovič met on Wednesday with Commerce Secretary Howard Lutnick, White House National Economic Council Director Kevin Hassett and Jamieson Greer, President Donald Trump’s nominee to be the U.S. trade representative.

Trump Pressures US, Europe Relations

Trump has thrown the decades long partnership between the U.S. and Europe into turmoil by pledging to charge higher taxes on imports from Europe that he says would match the tariffs faced by American products.

But Trump’s plan for fair tariffs would also include the value added tax — which is akin to a sales tax — charged in Europe that could drastically push up import taxes and potentially trigger a broader trade conflict if the EU imposed retaliatory measures. A broader trade war risks both an economic slowdown and higher inflation that could create financial challenges for millions of families and potentially hurt political support for Trump, as voters in 2024’s election specifically wanted him to lower price pressures.

Trump has also proposed separate sectoral tariffs on autos, pharmaceutical drugs and computer chips, in addition to having already imposed 25% steel and aluminum tariffs with no avenues to provide exceptions or exemptions.

The EU official tried in his conversation with White House officials to equate the value added tax as similar to a sales tax as its paid by the final consumer, but he said that the issue had not been resolved.

Šefčovič Discusses Overcapacity of China

Šefčovič also said they discussed the industrial overcapacity of China, particularly in steel, and that the U.S. and EU should work together to tackle that problem, instead of targeting each other.

He stressed that the meeting ended with a focus on looking for ways to “generate positive momentum,” adding that the EU would like to “see where we can, like, move first and fast, because I really would like to avoid the pain of measures and countermeasures.”

The EU official said it was critical to establish a personal relationship with his U.S. counterparts.

“I’m glad that it happened and that we could have such an intense meeting,” he said. “Now, I think we will both be thinking how to keep the momentum going on and how to hopefully avoid I would say, the pain.”

RELATED TOPICS:

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Newsom Wants to Bypass Trump Tariffs With Direct CA Trade Deals

DON'T MISS

Markets Plunge With S&P 500 Down 6% and Dow Down 2,200 After China Retaliates

DON'T MISS

Fresno Police Searching for Missing 12-Year-Old Girl

DON'T MISS

Madera Community College Unveils New Multicultural and Veterans Center

DON'T MISS

Fusion Energy Race Is On. Two Local Lawmakers Want California to Lead the Way

DON'T MISS

Saturday’s Spring Fest to Showcase Free, Low-Cost Activities for Fresno Kids

DON'T MISS

LA County Reaches $4 Billion Agreement to Settle Sexual Abuse Claims at Juvenile Facilities

DON'T MISS

Fresno Man Sentenced to 14 Years in Prison for Deadly Marijuana DUI Crash

DON'T MISS

Judge Says US Must Return Maryland Man Who Was Mistakenly Deported to El Salvador Prison

DON'T MISS

These Fresno First-Graders Are Topping Their Peers in Reading

UP NEXT

Markets Plunge With S&P 500 Down 6% and Dow Down 2,200 After China Retaliates

UP NEXT

Fresno Police Searching for Missing 12-Year-Old Girl

UP NEXT

Madera Community College Unveils New Multicultural and Veterans Center

UP NEXT

Fusion Energy Race Is On. Two Local Lawmakers Want California to Lead the Way

UP NEXT

Saturday’s Spring Fest to Showcase Free, Low-Cost Activities for Fresno Kids

UP NEXT

LA County Reaches $4 Billion Agreement to Settle Sexual Abuse Claims at Juvenile Facilities

UP NEXT

Fresno Man Sentenced to 14 Years in Prison for Deadly Marijuana DUI Crash

UP NEXT

Judge Says US Must Return Maryland Man Who Was Mistakenly Deported to El Salvador Prison

UP NEXT

These Fresno First-Graders Are Topping Their Peers in Reading

UP NEXT

Fresno Burial Ceremony to Honor Five Abandoned Babies Set for Saturday

Madera Community College Unveils New Multicultural and Veterans Center

3 hours ago

Fusion Energy Race Is On. Two Local Lawmakers Want California to Lead the Way

3 hours ago

Saturday’s Spring Fest to Showcase Free, Low-Cost Activities for Fresno Kids

4 hours ago

LA County Reaches $4 Billion Agreement to Settle Sexual Abuse Claims at Juvenile Facilities

4 hours ago

Fresno Man Sentenced to 14 Years in Prison for Deadly Marijuana DUI Crash

5 hours ago

Judge Says US Must Return Maryland Man Who Was Mistakenly Deported to El Salvador Prison

5 hours ago

These Fresno First-Graders Are Topping Their Peers in Reading

6 hours ago

Fresno Burial Ceremony to Honor Five Abandoned Babies Set for Saturday

6 hours ago

Visalia Man Arrested for Soliciting Sex From Minor in Kingsburg

6 hours ago

Camalah Saleh Cruises to Win in Stormy Fresno State Student Elections

8 hours ago

Newsom Wants to Bypass Trump Tariffs With Direct CA Trade Deals

Gov. Gavin Newsom on Friday asked exporting countries worldwide to spare California their retaliatory tariffs, saying he plans to pursue dir...

2 hours ago

2 hours ago

Newsom Wants to Bypass Trump Tariffs With Direct CA Trade Deals

Specialist Anthony Matesic works on the floor of the New York Stock Exchange, Friday, April 4, 2025. (AP/Richard Drew)
3 hours ago

Markets Plunge With S&P 500 Down 6% and Dow Down 2,200 After China Retaliates

Fresno police are searching for Unique Hernandez, 12, last seen on Friday, April 4, 2025, near Inyo Street and Maple Avenue, wearing all black clothing and carrying a black backpack. (Fresno PD)
3 hours ago

Fresno Police Searching for Missing 12-Year-Old Girl

3 hours ago

Madera Community College Unveils New Multicultural and Veterans Center

3 hours ago

Fusion Energy Race Is On. Two Local Lawmakers Want California to Lead the Way

4 hours ago

Saturday’s Spring Fest to Showcase Free, Low-Cost Activities for Fresno Kids

4 hours ago

LA County Reaches $4 Billion Agreement to Settle Sexual Abuse Claims at Juvenile Facilities

Antonio de Jesus Orozco Montes Deoca, 30, was sentenced on Friday, March 4, 2025, to 14 years and 8 months in prison for a deadly marijuana DUI crash in 2022 that killed one woman and injured four others. (GV Wire Composite)
5 hours ago

Fresno Man Sentenced to 14 Years in Prison for Deadly Marijuana DUI Crash

Help continue the work that gets you the news that matters most.

Search

Send this to a friend