The United States promotes forward on various trade queues, with constant efforts to conclude an agreement with the European Union (EU), continued to monitor their agreement with China and persistent negotiations with India.
A US sales representative spoke about US business agreements with other countries in an interview with CNBC.
EU Agreement: Focus on steel and digital services tax
The US sales representative Jamieson Greer said on Monday that “there are certainly areas on which he will continue to work in various sectors”, referring to the US-EU on the weekend.
Despite the framework agreement with the EU announced on the US weekend, they are still actively working on specific sectors, including tariffs on steel and digital services, Reuters reported.
These areas represent key points of the ongoing discussion because both sides are to fully implement the business framework. The recently announced agreement includes a 15 % customs rate of approximately 70 % of the European goods entering the US, including cars and computer chips, along with an EU agreement to buy a considerable US energy and investment in the US.
However, 50 % of the US tariff on imported EU steel remains.
Progress in interviews between USA
As for China, Greer said that current meetings are focused on continuing monitoring and progress of agreements.
“Today I do not expect a huge breakthrough. What I expect is to continue watching and checking our agreement so far,” he said.
Business analyst analysts assumed that another 90 -day extension of the existing ceasefire for export control that was hit in mid -May Between China and the United States is possible.
The extension would facilitate the planning of a potential meeting between Trump and Chinese President Xi Jinping at the end of October or early November, Reuters reported.
(Tagstotranslate) Trade Agreement of the European Union (T) Tariffs for steel
