Finance
EU trade chief says he held another call with US's Lutnick
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
EU Trade Chief Maros Sefcovic continues discussions with US Secretary Lutnick to resolve tariffs on steel and cars, aiming for cooperative solutions.
BRUSSELS (Reuters) -European Union Trade Commissioner Maros Sefcovic said on Friday that he had held another call with U.S. Commerce Secretary Howard Lutnick, as the EU and the United States continue efforts to reach a deal on tariffs.
"Another call with U.S. Secretary @howardlutnick. Our time and effort fully invested, as delivering forward-looking solutions remains a top EU priority. Staying in permanent contact," wrote Sefcovic on X.
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.
Sefcovic said earlier this week in Dubai that the European Commission was in talks with Washington on possible cooperation in sectors such as aerospace, steel, semiconductors and critical minerals.
(Reporting by Sudip Kar-Gupta, Editing by Charlotte Van Campenhout and Tomasz Janowski)
Sefcovic mentioned that he held another call with U.S. Commerce Secretary Howard Lutnick, emphasizing the EU's commitment to finding forward-looking solutions.
The EU is aiming to eliminate the 25% tariffs on steel and cars, as well as the 20% 'reciprocal' tariff that was provisionally set for the EU.
The European Commission is in talks with Washington about possible cooperation in sectors such as aerospace, steel, semiconductors, and critical minerals.
Explore more articles in the Finance category
