US-EU trade talks one to watch later in the day

Šefčovič will be meeting up with Trump’s top economic adviser, Kevin Hassett, trade representative, Jamieson Greer, and commerce secretary, Howard Lutnick. They are expected to meet in Washington some time in the afternoon.

There’s going to be a lot to discuss, ranging from steel and aluminum tariffs to oil and gas purchases to reciprocal tariffs involving autos. On the latter, Trump claimed the EU had lowered its tariffs on autos last week but the EU has denied such doing. The current EU tariffs on US cars are 10% and Trump wants it brought down to level terms with the US’ 2.5% tariffs. So, we’ll see on that for one thing.

This article was written by Justin Low at www.forexlive.com.