- We had substantive and constructive discussion with Greer, concluded we are advancing in right direction and pace.
- Main message from at trade talks in Paris is strong support for multi-lateral ties, strong rules based system.
- On US steel tariffs, we discussed this with Greer, told him we strongly regret it, and it does not help negotiations.
- Currently out discussions with the US are covering all the issues.
- The 50% US tariff hike on steel is a surprise.
- I still believe in negotiations with the US, believe we can achieve a positive result, but we are ready to defend out interests.
- Discussions on EU countermeasures are ongoing, we are following a rules-based procedure.
- We should do the most to get the deal before July 9th.
- We discussed things we believe we could work better together with the US, such as AI chips, semiconductors, critical materials, and energy security.
- We agreed on how to restructure the focus of our negotiations with the US.
This is a follow up to this news earlier. There’s nothing “substantive” here and things will probably drag out until July.
This article was written by Giuseppe Dellamotta at www.forexlive.com.