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    Home > Finance > EU trade chief says he held another call with US's Lutnick
    Finance

    EU trade chief says he held another call with US's Lutnick

    EU trade chief says he held another call with US's Lutnick

    Published by Global Banking and Finance Review

    Posted on May 30, 2025

    Featured image for article about Finance

    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)

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