EU proposes 50 billion increase in US imports

WAM
03 May 2025, 15:33 GMT+10

BRUSSELS, 3rd May 2025 (WAM) -- The European Union is considering a solution to its ongoing trade dispute with the United States by proposing an increase in purchases of American products worth 50 billion.

The proposal, put forward by European Commissioner for Trade Maro efovi in a recent interview, aims to address the perceived trade imbalance between the two sides.

efovi believes that increasing imports of goods such as natural gas and soybeans could provide an effective resolution to the issue.

Currently, the EU is engaged in negotiations with the U.S. administration to secure the removal of tariffs imposed by President Donald Trump, which include a 25% duty on cars, aluminium, and steel, in addition to a 10% tariff on all other products.

The United States maintains that Europe runs a significant trade deficit with the U.S., estimated at several hundred billion dollars. However, the European Union argues that the figure is much lower-around 50 billion-when services are factored into the calculation.

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