EU Proposes 50 Billion Euro Deal to Ease Trade Tensions with USA

The European Union has proposed a 50 billion euro deal to the United States to mitigate ongoing trade tensions. This offer aims to address the trade deficit by increasing imports of American products such as liquefied natural gas (LNG) and soybeans. EU Trade Commissioner Maroš Šefčovič highlighted some progress in negotiations with the US, emphasizing the desire for a balanced and fair agreement.

The EU's strategy is to prevent conflict escalation, while firmly rejecting higher tariffs imposed by the Trump administration. The US had previously raised tariffs on European cars, aluminum, and steel, sparking disputes. Šefčovič stated that the EU would not accept these tariffs and warned of retaliatory measures if no agreement is reached.

By offering to purchase more US goods, the EU seeks to strengthen transatlantic trade relations and find a mutually beneficial solution to the trade deficit issue.