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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on May 28, 2025

    Featured image for article about Finance

    By Federico Maccioni

    DUBAI (Reuters) -The European Commission is discussing with the United States possible cooperation in sectors such as aerospace, steel, semiconductors and critical minerals, European Trade Commissioner Maros Sefcovic said on Wednesday.

    Sefcovic, in Dubai to launch free trade agreement negotiations with the United Arab Emirates, said he was talking to U.S. counterparts every other day in search of a deal to limit tariffs, with another call due on Thursday.

    "What we are looking at first and foremost are all the tariff lines, what we can do there, how can we look from this new perspective for the market access?" he told a press conference.

    Sefcovic said he was discussing with U.S. Secretary Howard Lutnick areas of possible transatlantic cooperation that would benefit both sides, naming aviation, semiconductors, steel and dependencies, notably for critical minerals.

    "I'm absolutely convinced that the two largest trading partners on this planet ... just simply have to look for the best possible frame for trade, for investment," he said.

    "And this is what we are currently working on. The intensity is great and I hope that this will bring us the results for the fair and balanced deal in the end," he said.

    The European Commission, which oversees trade policy for the 27-nation EU, said it saw new impetus in trade talks with the United States this week after President Donald Trump dropped his threat to impose 50% tariffs on EU imports.

    That followed Trump's call with Commission chief Ursula von der Leyen in which they agreed to fast track talks.

    The EU wants to see an end to 25% tariffs on steel and cars and for Trump to drop his so-called "reciprocal" tariff, which was provisionally set at 20% for the EU but is being held at 10% during a 90-day pause until July.

    Washington, however, is intent on reducing its goods trade deficit with the EU, which was almost 200 billion euros ($226 billion) last year, though it does have a sizeable, albeit smaller, trade surplus in services.

    ($1 = 0.8843 euros)

    (Reporting by Federico Maccioni; Writing by Philip Blenkinsop; Editing by Mark Porter)

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