The European Union is keen on pushing the United States to enter an agreement to ease the Trump trade tariffs.
Source: CNBC News.
EURUSD gains +0.02% on the news.
The EU is seeking a commitment from the US for the removal of aircraft-related tariffs.
The European Commission is hopeful President Joe Biden coming to Brussels in a week will agree to end aluminum and steel duties in the current year.
The upcoming meeting is a symbol of renewed engagement between the EU and US. The tone of the relationship between US and EU officials has improved since Biden’s Election in 2020.
The Biden administration is willing to work with the EU by adopting policies, which work for the Americans.