Bloomberg | 22 May 2025

EU seeks to inject new momentum into US trade talks

By Max Ramsay

The EU has shared a revised trade proposal with Donald Trump’s administration, which takes US interests on issues including labor rights, environmental standards and economic security into account, we’re told.

The proposal — sent to officials in Washington earlier this week — includes measures to gradually reduce tariffs to zero on both sides for non-sensitive agricultural products as well as industrial goods. It marks a push by the bloc to inject momentum into talks with the White House — despite skepticism about whether a transatlantic deal can be reached.

The commission’s offer comes in response to a paper shared by US counterparts, which one EU official described as a wish list of unrealistic demands. Technical talks are ongoing, and the two sides are aiming to meet in early June.