FX.co ★ EU Prepares Proposal to Rekindle Trade Talks with U.S.

The European Union is poised to introduce a proposal to the United States next week, with the goal of reigniting trade discussions with the Trump administration, according to sources reported by Bloomberg News. This proposal will delineate strategies such as the reduction of trade and non-tariff barriers, bolstering EU investment in the United States, and fostering enhanced collaboration on international challenges, like China's steel overcapacity issue. Additionally, the plan includes commitments to increase purchases of U.S. products, such as liquefied natural gas and advanced technologies. However, the specifics of this proposal remain under deliberation, as the European Commission continues its consultations with member states, which could lead to modifications prior to its official presentation.