Bullish indicating open at $55-$60, IPO prices at $37
Investing.com -- The European Union is considering reducing tariffs on various U.S. imports as part of efforts to reach a trade agreement with President Trump, according to a report from the Wall Street Journal, citing sources familiar with the discussions.
EU leaders plan to discuss potential concessions during a meeting in Brussels on Thursday evening. Besides tariff reductions, they are also weighing options such as lowering non-tariff barriers, increasing purchases of American products including liquefied natural gas, and offering cooperation with the U.S. on addressing economic concerns related to China.
Trade talks have accelerated in recent weeks following President Trump’s May threat to impose 50% tariffs on EU goods. Trump subsequently agreed to pause this action and continue negotiations until July 9.
Many European officials now believe the Trump administration intends to maintain its 10% baseline tariffs on EU imports. As a result, they have shifted their focus toward securing as many exemptions as possible to minimize economic damage from these and other levies, sources involved in the negotiations said.