US demands EU tariff cuts to advance trade talks

President Donald Trump's trade team is urging the European Union to unilaterally reduce tariffs on US imports, warning that talks will stall without concessions.

US Trade Representative Jamieson Greer is expected to tell EU Trade Commissioner Maros Sefcovic that Brussels’ latest proposal falls short of US expectations, according to unnamed sources cited by Financial Times.

The United States put 25 percent tariffs on EU vehicles, steel, and aluminum in March, followed by 20 percent levies on other imports in April. The 20 percent rate was later temporarily reduced, giving both sides 90 days to achieve a larger agreement.

In response, the EU paused plans for retaliatory tariffs and proposed eliminating all industrial tariffs on both sides, Financial Times reported.

EU spokesperson Olof Gill stated that the Union is still in talks and is looking for a fair, balanced agreement.