The European Union has proposed a “zero-for-zero” tariff agreement to the Trump administration following Washington’s imposition of 20% import duties last week.
“We’ve offered zero-for-zero tariffs on industrial goods, as we’ve done successfully with other partners,” European Commission President Ursula von der Leyen said Monday.
“Europe is always ready for a good deal — so the offer remains on the table,” she added at a press conference with Norwegian Prime Minister Jonas Gahr Støre.
“We stand ready to negotiate with the US,” von der Leyen added. “We are also prepared to respond through countermeasures and defend our interests.”
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BREAKING: The European Union says they're ready to negotiate with the United States, says they've offered zero for zero tariffs.
The announcement was made by European Commission president Ursula von der Leyen.
"Europe is always ready for a good deal. So we keep it on the… pic.twitter.com/yTRTS8B4us
— Collin Rugg (@CollinRugg) April 7, 2025
From The New York Post:
EU Trade Commissioner Maroš Šefčovič, of Slovakia, said the zero-for-zero arrangement would be applied to chemicals, pharmaceuticals, rubber, plastic machinery and cars.
European officials, however, still haven’t ruled out retaliating against Trump’s earlier 25% tariffs on steel and aluminum.
Global stocks have plummeted since Trump’s “Liberation Day” announcement April 2 of the imposition of a 10% baseline global tariff — as well as higher import taxes slated to take effect April 9.
Trump, 78, has also slapped all foreign-made cars coming into the US with 25% tariffs.
The EU’s average tariff on non-US agricultural products is around 1.6%, but 10% duties are put on American cars.
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