© Reuters. EU Sees More U.S. Trade Talks After ‘Constructive’ Hogan Visit(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here.
European Union Trade Commissioner Phil Hogan had a “useful and constructive” meeting in Washington on Thursday with his U.S. counterpart, according to an EU official.
Hogan’s get-together with U.S. Trade Representative Robert Lighthizer will be followed by “further meetings” between both sides as the EU seeks to defuse transatlantic commercial tensions, the official said on the condition of anonymity.
The EU aims to renew a July 2018 trade truce that has been fraying in recent months. Chief among Europe’s worries is a lingering U.S. threat to hit EU cars and auto parts with duties based on national-security grounds.
Hogan’s trip to Washington this week may help pave the way for a visit by European Commission President Ursula von der Leyen.
Von der Leyen and U.S. President Donald Trump agreed at a meeting in Davos, Switzerland, last month to discuss transatlantic commerce in the American capital. No dates have been set for a visit by her.
Hogan may be seeking clearer signals about what the Trump administration would accept before making a concrete EU offer, especially after U.S. officials signaled that European plans to ease imports of foods such as shellfish wouldn’t cut it.
The commission, the EU’s executive arm, has signaled that any renewed transatlantic trade pact would include matters related to foods, energy and technology.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
