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US, EU Officials to Examine Next Steps for Trade Ties

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The US and the EU are planning to develop a “joint action plan” on trade, reports suggest, after leaders met in Brussels, Belgium, late last week. US President Donald Trump met with European Council President Donald Tusk and European Commission President Jean-Claude Juncker in the Belgian capital. The meeting came as part of a larger trip that the new American president was making overseas, which also included attending the G7 leaders’ summit in Taormina, Italy, among other stops. (For more on the G7 meeting, see related story, this edition) “My feeling is that we agreed on many areas. First and foremost, on counterterrorism, and I am sure that I do not have to explain why. But some issues remain open, like climate and trade,” said Tusk following his discussions with the American leader. Meanwhile, Juncker told journalists that officials from both sides would meet again over the next several weeks, in a bid to examine what options may lie ahead. “We insisted on the importance of having free and fair competition,” said the EU Commission chief, according to comments reported by EurActiv. The meetings, he said, are needed “because we estimated that there are too many divergences in approach and...

Tags: Global Economy, European Union (EU), Global Economy, Regional Trade Agreements (RTAs), United States (US)

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