EU’s Sefcovic: Constructive discussion with Greer, we are advancing in right direction

• We had substantive and constructive discussion with Greer, concluded we are advancing in right direction and pace.
• Main message from at trade talks in Paris is strong support for multi-lateral ties, strong rules based system.
• On US steel tariffs, we discussed this with Greer, told him we strongly regret it, and it does not help negotiations.
• Currently out discussions with the US are covering all the issues.
• The 50% US tariff hike on steel is a surprise.
• I still believe in negotiations with the US, believe we can achieve a positive result, but we are ready to defend out interests.
• Discussions on EU countermeasures are ongoing, we are following a rules-based procedure.
• We should do the most to get the deal before July 9th.

This is a follow up to this news earlier. There’s nothing “substantive” here and things will probably drag out until July.

This article was written by Giuseppe Dellamotta at www.forexlive.com.