EU to push US to honour trade deal by cutting steel tariffs

TORA BROSTA European Union ministers on Monday were set to urge top U.S. trade officials to apply more of the July EU-U.S. trade deal by cutting U.S. tariffs on EU steel and removing them from EU goods such as wine and spirits. U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer were due to meet EU ministers responsible for trade for 90 minutes over lunch in their first trips to Brussels since taking office. Ahead of that meeting, the European ministers gathered to discuss pressing trade issues, including Chinese rare earth and chip export restrictions. NO IMMEDIATE BREAKTHROUGHS EXPECTED European Trade Commissioner Maros Sefcovic said he did not expect any immediate breakthroughs with his U.S. counterparts. “I think today it’s not about negotiations. It’s about a stock-taking exercise. And I think this is also about the political assessment of EU-U.S. bilateral relations,” he said. Under the end-July deal, the United States set 15% tariffs on most ...