EU Trade Commissioner Sefcovic will meet US Trade Representative Greer on Wednesday | Forexlive

The meeting will be held in Paris. As a reminder, Trump recently threatened a 50% tariff on EU to force them to accelerate trade talks and then “paused” the tariff till the original deadline on July 9th.

More recently, Trump hiked tariffs on steel to 50% and the European Commission said on Saturday that the EU was prepared to retaliate against tariffs on imported steel and aluminum.

An EU spokesperson said that “the European Commission is currently finalising consultations on
expanded countermeasures. If no mutually acceptable solution is reached,
both existing and additional EU measures will automatically take effect
on 14 July”.

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