Summary
The US has not specified its demands for lifting trade tariffs during a recent meeting between EU trade commissioner Maroš Šefčovič and US commerce secretary Howard Lutnick, resulting in little progress. EU officials emphasized the need for clearer US positions in negotiations, with Šefčovič reiterating an offer to mutually eliminate tariffs on industrial goods. The EU has paused retaliatory tariffs until July 14 while continuing to prepare additional measures if no agreement is reached, highlighting the importance of resilient transatlantic supply chains in key sectors.
