Compromise search in trade continues: EU and US coordinate mutual market access - Bloomberg

The European Union is developing a plan as part of the next stage of the trade agreement with the United States. The parties are to agree on tariffs, market access, standards, cooperation in natural gas, metals, and microchips.

UNN writes with reference to Bloomberg.

Details

In response to Washington's proposals to revise EU rules that harm American businesses, Brussels is preparing a plan to implement the next stage of the trade agreement with the American side.

The plan focuses on areas such as tariffs and market access, standards, digital trade, technical barriers, and cooperation on steel and aluminum.

A working group on economic security is being prepared.

It also refers to the coordination of strategic procurement; investments are planned, including in liquefied natural gas.

The agreement, concluded between European Commission President Ursula von der Leyen and US President Donald Trump in August 2025, set a 15% tariff on most EU goods imported into the US.

Among them are automotive products.

At the same time, the EU seeks to ensure that the 15% path also extends to other industries that the US may target with sectoral tariffs in the future.

A European Commission spokesman declined to comment on the plan but confirmed that the EU is cooperating with the US at both political and technical levels, Bloomberg writes.

Recall

The US and the EU have concluded a large-scale trade agreement, under which the EU will purchase $750 billion in energy and invest $600 billion in the US. The EU will also open its countries to zero-tariff trade, including military equipment.

The United States fully supports the European Union's use of frozen Russian assets to support Ukraine. The EU proposes to use up to 185 billion euros of Russian sovereign assets frozen in Europe, without confiscating them.

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