Business Standard

EU willing to discuss cutting trade barriers with U.S. - Merkel

Image

Reuters SOFIA

SOFIA (Reuters) - The European Union is willing to discuss cutting trade barriers with the United States, but only in a reciprocal way and only if Washington does not impose import tariffs on EU metals, German Chancellor Angela Merkel said on Thursday.

U.S. President Donald Trump has imposed import duties of 25 percent on steel and 10 percent on aluminium on grounds of national security, but granted EU producers a temporary exemption until June 1 pending the outcome of talks.

"We have a common position. We want a permanent exemption and then we are ready to talk how we can reciprocally reduce the barriers to trade," Merkel told reporters before a summit of EU leaders in Bulgarian capital Sofia.

 

(Reporting by Philip Blenkinsop and Robert-Jan Bartunek)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 17 2018 | 1:12 PM IST

Explore News