EU's Strategic Moves to Prevent a Trade War
Amid escalating tensions, EU Trade Commissioner Maroš Šefčovič is on a crucial mission to avert a trade war. Šefčovič is engaging in high-stakes discussions with US officials in Washington, aiming to negotiate a solution to the tariffs imposed by the Trump administration on steel and aluminum.
These tariffs have placed significant pressure on the European metal industry. The EU plans to implement counter-tariffs, but Šefčovič is seeking to resolve these differences through dialogue.
Following his US visit, Šefčovič will travel to China to discuss market access and investment issues with Chinese officials. The EU's strategy focuses on reducing reliance on China while maintaining vital economic ties.
This diplomatic initiative reflects the EU's broader goal of balancing strategic dependencies amid global trade tensions.
The press radar on this topic:
Visit to the USA and China: EU Trade Commissioner Attempts to Avert Trade War
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