WASHINGTON — The European Union has floated a “zero-for-zero” tariff resolution with the Trump administration after 20% import levies were imposed by Washington last week.
“We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners,” European Commission President Ursula von der Leyen said Monday.
“Because Europe is always ready for a good deal. So we keep it on the table,” she said at a press conference alongside Norwegian Prime Minister Jonas Gahr Støre.
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.
