Intel stock spikes after report of possible US government stake
Investing.com-- The European Union is considering cutting tariffs on a range of U.S. imports in a bid to strike a swift trade agreement with President Donald Trump, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
EU leaders met in Brussels on Thursday evening to weigh concessions aimed at averting steep new U.S. tariffs threatened for July. These include reducing nontariff barriers, increasing purchases of U.S. products, and cooperating on shared concerns about China, the report said.
European Commission President Ursula von der Leyen confirmed the U.S. had shared a new negotiating document and said the bloc was “ready for a deal,” though she emphasized the EU would defend its interests if talks failed.
Germany and Italy are pushing for a slim, fast-track agreement, while others remain wary of a deal seen as favoring Washington. EU officials are also exploring a tariff-rate quota system to ease pressure on sectors like cars and steel, the WSJ report stated.
Despite recent progress, divisions remain over digital and environmental rules, and the EU continues preparing retaliatory measures if talks break down, the report added.