European Union to discuss lowering tariffs in first meeting with Trump team

The European Union's chief trade negotiator, Maros Sefcovic, was realistic about what could be achieved in the near term as he began talks with the US trade representative on Trump's far-reaching tariffs on Friday. According to people familiar with the European Union's thinking, Europe's goal is to save as much as possible of the transatlantic relationship and the existing economic order. But they do not expect to return to the previous state of affairs. Sefcovic is expected to discuss options such as lowering the European Union's own tariffs, potential joint investment and easing certain regulations and standards. Foreign media earlier reported that the European Union Commission is already working on a "list of terms" for possible concessions.