The European Union has said it is in ‘early stages' of talks with the United States of America on issues regarding the new tariffs.
It added, however, that it is finalising list of countermeasures after steel and aluminium tariffs.
MaroÅ¡ Å efÄoviÄ, European Commissioner for Trade and Economic Security; Interinstitutional Relations and Transparency, said the Union's “in early stages of discussions”; with the US but added that it is complicated “because the US view tariffs not as a tactical step, but as a corrective measure.”;
He said “ while the EU remains open to and strongly prefers negotiations, we will not weigh endlessly until we see tangible progress.”;
He said the EU has prepared a “robust list of countermeasures”; on steel and aluminium after receiving feedback from over 600 stakeholders.
“After carefully reviewing all of it, we have worked to table a robust list of countermeasures, while balancing the burden across all member states, we will be sending the final list and tariff levels to them later today,” he told reporters on Monday, according to the Guardian.
“The vote is set for 9 April, with the final list adopted on 15 April, and then duties on products will kick in on that day for the first set of measures, and on 15 May for the remaining ones.”;
DAILY POST reported that the President of the European Commission, Ursula von der Leyen, on Monday and will speak to the automobile sector later to discuss how to respond to US tariffs.
The calls are aimed at collecting more data to strategise on further counter-measures beyond Brussels' upcoming response to Washington's previously announced steel duties, which will be voted on later this week.
A third call with the European pharmaceuticals industry is planned for Tuesday.
