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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The EU is ready to make concessions, but will not accept 10% duties from the United States


May, 02 2025

The EU may consider increasing imports from the United States by about $56.5 billion. Such a step can reduce the trade deficit and at the same time reduce the likelihood of the introduction of US duties. This idea was voiced by Maros Sefcovic, who holds the post of European Commissioner for Trade.Sefcovic noted that the U.S. trade deficit with respect to the 27 EU countries is about $56.5 billion annually. He expressed the opinion that the elimination of this disparity is possible by increasing ... Read More

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