EU Remains Open to Zero-For-Zero Deal, Sets Timeline for U.S. Trade Talks

The EU continues to hold its zero-for-zero tariff proposal on cars and industrial goods open in trade talks with the U.S. A spokesperson for the European Commission confirmed the continued viability of this offer, noting a phone call between President von der Leyen and President Trump facilitated renewed momentum in negotiations. The EU has also outlined a revised paper offering reciprocal zero tariffs on selected agricultural products, along with proposals on international labor rights, environmental standards, and economic security. This proposal includes collaborative ventures such as mutual investments in energy, AI, and digital connectivity.