Published by Global Banking & Finance Review®
Posted on May 27, 2025
2 min readLast updated: January 23, 2026
Add as preferred source on GoogleTrump sees EU's call for trade talks as positive and hopes for open trade, while threatening unilateral terms if no agreement is reached.
WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday said the EU's move to set up talks was positive and that he hoped Europe would "open up" to trade with the U.S. even as he reiterated his threat to unilaterally impose trade terms if no agreement emerges.
"I have just been informed that the E.U. has called to quickly establish meeting dates. This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the European Nations for Trade with the United States of America," Trump wrote on his social media platform.
"Remember, I am empowered to “SET A DEAL” for Trade into the United States if we are unable to make a deal, or are treated unfairly," he added.
Trump's latest comments come after he backtracked over the weekend and dropped his threat on Friday to impose 50% tariffs on European Union imports as Wall Street opened higher Tuesday morning.
U.S. and EU trade representatives had been due to hold talks on Monday as European policymakers gauge the bloc's companies plans for American investments.
(Reporting by Katharine Jackson and Susan Heavey; Editing by Doina Chiacu and Nick Zieminski)
Trump described the EU's initiative to establish trade talks as a positive event and expressed hope that Europe would open up to trade with the U.S.
Trump backtracked on his previous threat to impose 50% tariffs on EU imports, indicating a shift in his approach to trade negotiations.
U.S. and EU trade representatives were scheduled to hold talks to assess European companies' plans for American investments.
Wall Street opened higher on Tuesday morning following Trump's latest comments regarding trade with the EU.
Trump stated that he is empowered to set a deal for trade into the United States if a fair agreement cannot be reached.
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