US-EU Trade Talks Gain Momentum
US President Donald TrumpThe suspension of reciprocal duties imposed on countries other than China for 90 days has created significant movement in trade negotiations with the European Union (EU). The 25 percent customs duty, especially in the automotive sector, has put EU countries in a serious difficult situation.
MUTUAL ZERO TAX PROPOSAL
EU Spokesperson made an assessment on the issue Robert Metsol, stated that they are at the negotiating table with Trump and that they have proposed a mutual zero tax for cars. Metsola also emphasized that trade talks with the US should be conducted with closer communication within this framework. This situation creates a great opportunity for the development of trade and strengthening of economic relations between the two parties.
The steps that the EU will take to improve its trade relations with the US and protect mutual interests could significantly affect the course of international trade. In addition, the results of these negotiations will play a decisive role in labor and investment decisions in the automotive sector.
