It is reported that there has been almost no progress in the US-EU trade negotiations.

According to media reports, this week the European Union and the United States have made little progress in bridging trade differences. An official from the Trump administration revealed that most of the tariffs imposed by the United States on the European Union will not be lifted.

On Monday (April 14) local time, Maros Sefcovic, Commissioner for Trade and Economic Security of the European Commission, met with Howard Lutnick, U.S. Secretary of Commerce, and Jamieson Greer, U.S. Trade Representative, in Washington. The meeting lasted about two hours.

According to informed sources, after the meeting with the U.S. side, Sefcovic could hardly figure out the U.S. position and it was difficult to judge the real intention of the U.S. side. Informed sources disclosed that U.S. officials stated that the originally planned 20% "reciprocal" tariffs on the European Union as well as tariffs in the fields of automobiles and metals will not be lifted.

Last week, the EU agreed to postpone the implementation of retaliatory tariffs on 21 billion worth of U.S. goods until July 14 toallow time fornegotiations with the U.S.side. However,the EU also stated that if nosatis factory results area chieved inthenegotiations after 90 days,the countermeas ures against about 21 billion worth of U.S. goods will take effect immediately.

The report said that the EU proposed that both sides lift tariffs on all industrial products, including automobiles. However, at present, it seems that the United States has rejected this proposal. Informed sources pointed out that although the U.S. side insists that some sectoral tariff measures must be retained, in the field of automobiles, some tariffs may be "offset" by increasing U.S. investment, production, and exports.

U.S. officials also said that if U.S. exports do not show improvement, relevant tariffs may be further increased in the future. Informed sources said that the United States hopes to see European chemical companies produce more pharmaceutical raw materials in the United States, promote supply chain integration, enjoy preferential U.S. government procurement policies, and suggested that the EU raise its drug prices.

Previously, U.S. Vice President Vance had said that the lower prices of European drugs are because Americans are "footing the bill" for their healthcare system.

On steel, aluminum, and potentially copper products in the future, the United States hopes that the EU will come up with its own solutions and is also exploring the possibility of establishing a "common tariff". Informed sources added that it is not yet clear whether these ideas have broad support from the U.S. government, and some of them may even violate World Trade Organization rules.

The EU also proposed increasing imports of liquefied natural gas from the United States, but the Trump administration has little interest in this and prefers to focus on so-called "non-tariff barriers", such as digital and artificial intelligence regulatory provisions and food standards. The two sides will continue consultations at the technical level.

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