European trade ministers are gathering in Brussels on Monday to discuss transatlantic trade relations after the United States announced plans to impose a 30 percent tariff on imports from the European Union.
Arriving at the Foreign Affairs Council on Trade meeting, European Commissioner for Trade Maros Sefcovic said that a tariff at this level would severely disrupt trade flows between the United States and the EU.
“An idea of 30 percent tariff rate is effectively prohibitive to the mutual trade,” Sefcovic told reporters. “We remain convinced that our transatlantic relationship deserves a negotiated solution, one that builds the basis for renewed stability and cooperation.”…