EU Reverses Course and Is Now Willing to Renegotiate Trade Deal with US

Last Thursday, the European Union announced they would suspend retaliatory tariffs on America for 90 days. This comes a day after President Trump elected to suspend tariffs on more than 75 countries for the identical number of days.

“We want to give negotiations a chance… if negotiations are not satisfactory, our countermeasures will kick in,” European Commission President Ursula von der Leyen said in a statement.

Von der Leyen also reiterated that she wants America to accept a zero-for-zero trade offer on industrial goods. As TGP reported, the bloc believes will help address some of Trump’s concerns.

But it’s not likely to satisfy Trump. Moreover, von der Leyen did not mention accepting American agricultural products, which the snobby EU views as poisonous and inferior to theirs.

On Monday, EU Trade Chief Maros Sefcovic announced he seeking a fair deal on tariffs with the United States.

Sefcovic made the announcement on X.

Earlier today he met with Secretary of Commerce Howard Lutnick and Ambassador Jamieson Greer for trade negotiations.

The EU remains constructive and ready for a fair deal – including reciprocity through our 0-for-0 tariff offer on industrial goods and the work on non-tariff barriers. Achieving this will require a significant joint effort on both sides. 2/2

— Maroš Šefčovič (@MarosSefcovic) April 14, 2025

The EU trade chief hopes to come to agreement on a fair deal including 0-for-0 tariff offer on industrial goods and the work on non-tariff barriers.

The EU is hoping this is enough to please the Trump administration.

Over the past decade EU exports have surged 44% to the US.

Here is a chart from EuroNews of US imports from the EU in 2024.