The European Union said it would start collecting retaliatory duties on some US goods next week, even as officials said they stood ready to negotiate a “zero for zero” deal with Trump’s administration.
“Sooner or later, we will sit at the negotiation table with the US and find a mutually acceptable compromise,” EU Trade Commissioner Maros Sefcovic said at a news conference.
Trump aides say Trump is following through on a promise to reverse decades of trade liberalization that he believes has undercut the US economy. But they also said he is willing to negotiate with dozens of countries that have reached out for talks.
“He’s doubling down on something that he knows works, and he’s going to continue to do that,” White House economist Kevin Hassett said of Trump on Fox News. “But he is also going to listen to our trading partners, and if they come to us with really great deals that advantage American manufacturing and American farmers, I’m sure he’ll listen.”
Source: CNA
