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EU says draft joint statement on trade and tariffs sent back to US
Published by Global Banking and Finance Review
Posted on August 19, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 19, 2025
1 min readLast updated: January 22, 2026
The EU has sent back a draft trade statement to the US, with ongoing negotiations on tariffs and trade agreements.
BRUSSELS (Reuters) -The European Commission, which last week received a text from the U.S. administration with suggestions about finalising a joint statement on trade and tariffs, has sent back the draft to the US, a European Commission spokesman said during a daily press conference on Tuesday.
"I can confirm that we have sent back the draft joint statement to the US," the spokesman said, adding that political level contact between European Trade Commissioner Maros Sefcovic and U.S. Commerce secretary Howard Lutnick and U.S. trade representative Jamieson Greer is ongoing. "The work continues".
The EU and the United States struck a framework trade deal in late July but only the baseline tariff of 15% has so far been implemented. The EU is still waiting for the White House to issue executive orders to cover carve-outs, such as on the automotive industry.
(Reporting by Sudip Kar-Gupta, writing by GV De Clercq, Editing by Charlotte Van Campenhout)
Trade negotiation is the process where countries discuss and agree on the terms of trade, including tariffs, quotas, and other trade barriers.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the EU's day-to-day operations.
The US Commerce Secretary oversees the Department of Commerce, which promotes economic growth, job creation, and sustainable development in the US.
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