Japan CPI slightly higher than expected in July, underlying inflation steady
Investing.com -- The European Commission has returned a draft joint statement on trade and tariffs to the United States, a Commission spokesman confirmed during a Tuesday press conference.
"I can confirm that we have sent back the draft joint statement to the US," the spokesman said, adding that political-level discussions are continuing between European Trade Commissioner Maros Sefcovic, U.S. Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer. "The work continues."
The draft originated from the U.S. administration, which sent suggestions to the European Commission last week about finalizing a joint statement on trade and tariffs.
While the EU and United States reached a framework trade agreement in late July, only the baseline tariff of 15% has been implemented so far. The European Union is still waiting for the White House to issue executive orders covering exceptions to the agreement, particularly regarding the automotive industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.