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Aug 25, 06:08 AM
Ursula von der Leyen and Maros Sefcovic Defend EU-US Tariff Truce as Key to Stability, Steel Cooperation, and Countering Russia and China
Europe
Tariffs
Politics
World
United States

Ursula von der Leyen and Maros Sefcovic Defend EU-US Tariff Truce as Key to Stability, Steel Cooperation, and Countering Russia and China

Authors
  • Bloomberg
  • Global Times
  • FinancialJuice
6

European Commission President Ursula von der Leyen has defended the European Union's trade agreement with the United States, stating that it promotes stability and prevents escalating tensions with a key ally. She highlighted that failing to reach a deal would have benefited Europe’s geopolitical rivals, specifically Russia and China. The trade deal, described as a tariff truce, has been characterized by EU officials as a foundation for real cooperation on shared challenges, including the steel industry. EU Trade Commissioner Maros Sefcovic emphasized that full implementation of the agreement is essential to realize its benefits and maintain stability between the EU and the US.

Written with ChatGPT (GPT-4).

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