US Edition
11 Articles
11 Articles
The EU has a new lure to secure a favorable trade deal with Donald Trump. The EU wants to extend the agreement on American lobsters to persuade the president to scrap high tariffs on exports, two officials told the Financial Times. “I am definitely in favor of extending it,” says Bernd Lange, chairman of the European Parliament’s trade committee.
As a new trade agreement is being negotiated with Donald Trump, the EU is offering favorable terms for the American lobster fishery. The most recent time tariffs on the precious shellfish were lifted was when trade from the US increased sharply.
There is movement in the matter: with an updated commercial paper, the EU wants to give new impetus to the talks with the US. What points will the letter contain?
EU Offers Trump Fresh Trade Deal — Lobsters Included - Wall Street Pit
The EU has proposed phased tariff cuts on non-sensitive goods and extended a tariff-free U.S. lobster import deal, worth $108 billion, to revive trade talks with the Trump administration, while threatening $108 billion in retaliatory tariffs if negotiations fail. U.S.-China trade tensions persist despite a 90-day tariff pause, with China…
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