US and EU Break Deadlock, Restart Tariff Negotiations

According to a report by Jinse Finance, as reported by the Financial Times, the United States and the European Union have initiated trade negotiations to avoid the worst impacts of Trump's tariff policies. This move breaks the previous deadlock where the EU was almost at the bottom of the negotiation queue. According to four informed sources and an EU briefing obtained by the Financial Times, the two sides recently exchanged negotiation documents for the first time, covering areas such as tariffs, digital trade, and investment opportunities. Sabine Weyand, the EU's chief trade officer, told member state ambassadors that the EU still needs to respond calmly and should not succumb to the US's desire for a "quick victory." The briefing noted that she warned some US tariffs might persist, especially those targeting industries like steel and automobiles that the US hopes to bring back domestically. Trump previously accused the EU of "exploiting the US," and currently, the progress of EU-US negotiations still lags behind countries like Japan, South Korea, the UK, and Vietnam.