European Commission President Ursula von der Leyen said on Monday that the European Union wants to negotiate tariffs with President Donald Trump and has already offered the United States “zero-for-zero tariffs for industrial goods.”
The Trump administration hit the E.U. with a 20% tax when the president unveiled his “Liberation Day” tariffs on countries around the globe. The tariff on E.U. imports is set to go into effect on Wednesday, but European leaders hope to strike a deal to avoid the hefty tax.
“Europe is ready to negotiate with the US. We have offered zero-for-zero tariffs for industrial goods because we’re always ready for a good deal,” von der Leyen said. “But we’re also prepared to respond with countermeasures. And protect ourselves against indirect effects through trade diversion.”
The 20% tariff on E.U. imports is on top of a 25% tariff on European steel…
