EU to Propose Removing US Tariffs This Week to Meet Trump Demand
The European Union plans to propose removing all tariffs on US industrial goods by the end of this week. This is in response to a demand made by US President Donald Trump, who has said the US will only lower its duties on the EU's automobile exports if the EU eliminates its tariffs on US industrial goods. The move is an effort by the EU to de-escalate the ongoing trade tensions with the US. The proposed legislation, if passed, would remove the existing tariffs on US industrial products, which were imposed by the EU as a retaliatory measure against the Trump administration's tariffs on EU steel and aluminum exports. The EU's proposal is seen as a conciliatory gesture aimed at meeting Trump's demand and paving the way for further trade negotiations between the two economic powerhouses.
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