European Union and US will hold discussion on trade tensions this Friday

According to a spokesman for the European Commission, the European Union's trade chief Maros Sefcovic is planning to hold a telephone conversation with his American counterpart, Jamieson Greer, today. The main topic of discussion will be the insufficient progress in trade negotiations, which worries Brussels.

Earlier, the EU shared a revised proposal with the US government aimed at gradually reducing tariffs on agricultural and industrial goods, Bloomberg reported. The document also outlines plans for mutual investments in strategic procurement, including energy, artificial intelligence, and digital communications.

Also, according to past reports from the agency, the European government is skeptical about the actions of President Donald Trump's administration.

Earlier this month, the EU agreed to postpone retaliatory tariffs against the US for 90 days, proposed as a response to the existing 25% duties imposed by Trump on European steel and aluminum exports. This decision followed the US president's move to reduce tariffs on most European Union exports from 20% to 10% for the same period.