The EU plans to purchase an additional 50 billion euros of American goods in hopes of resolving trade issues

According to a report by Jinse Finance, citing the Financial Times, the EU's chief negotiator stated that Brussels hopes to increase the purchase of US goods by 50 billion euros to address "issues" in trade relations, adding that the EU is making "some progress" in reaching an agreement. However, EU Trade Commissioner Šefčovič stated that the EU will not accept the continuation of a 10% tariff on its goods by the US as a fair solution to trade negotiations. Šefčovič mentioned that since the implementation of tariffs by the Trump administration, the US and the EU have made progress through multiple rounds of face-to-face and telephone negotiations. He added that "his goal" remains to reach a "balanced and fair" agreement with the White House. He indicated that the issue could be quickly resolved as both sides reach agreements to purchase more US natural gas and agricultural products. However, he warned that reaching an agreement that is "clearly good and acceptable" for EU member states and the European Parliament will be "very difficult."