💨 Abstract

The U.S. and EU are working towards avoiding tariffs on each other's goods, but significant progress is yet to be made. The EU has proposed zero tariffs for all industrial goods, but the U.S. showed only moderate interest. The EU sees the U.S.'s concern over the EU's value-added tax as a non-tariff trade barrier, but does not consider it impacting trade.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖