Skip to content

EU Offered 'Zero-for-Zero' Tariff Deal Weeks Before Liberation Day

Photo by Christian Lue / Unsplash

The European Union offered the U.S. a “zero-for-zero” tariff deal on cars and industrial goods weeks before U.S. President Donald Trump initiated the reciprocal tariff system. Maros Šefčovič, the EU’s trade commissioner, revealed that he proposed the deal to U.S. Commerce Secretary Howard Lutnick on February 19, which included zero tariffs on cars, pharmaceuticals, machinery, and rubber.

Šefčovič emphasized that the EU was still open to negotiations but acknowledged that the discussions were in early stages, as the U.S. views tariffs as a corrective measure rather than a tactical step. European Commission President Ursula von der Leyen confirmed that the offer for zero tariffs on industrial goods remained on the table. Despite this offer, the EU made it clear that it would not wait to defend itself against the tariffs imposed by the U.S. in the ongoing trade dispute.

Comments

Latest