The European Union will offer to lift tariffs on nearly all goods imported from the United States as part of negotiations towards the world’s largest free-trade deal, people familiar with the proposal have told Reuters.
The offer will be made on Monday, a week ahead of face-to-face talks between EU trade chief Karel De Gucht and his U.S. counterpart Michael Froman in Washington.
The European Commission, which handles trade issues for the EU’s 28 member states, will tell the United States how far it is willing to open its markets, while U.S. officials are expected to do the same.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.