Maros Sefcovic, European Commissioner for Trade and Economic Security; Interinstitutional Relations and Transparency, speaks to reporters in Singapore on May 7, 2025, after signing of the EU-Singapore Digital Trade Agreement (DTA), a landmark initiative enhancing digital economic cooperation between the European Union and Singapore.
Roslan Rahman | Afp | Getty Images
The European Union’s executive arm will announce further details of its proposed countermeasures to U.S. tariffs in a Thursday update, European Trade Commissioner Maros Sefcovic said Wednesday.
“Tomorrow we will announce next preparatory steps, both in the area of possible rebalancing measures, and also in the areas important for the further discussions,” Sefcovic said during a news conference in Singapore on Wednesday, in comments reported by Reuters.
CNBC has contacted the European Commission for comment.
In a statement on Tuesday, Sefcovic said: “A negotiated solution [with the U.S.] remains our clear preference, respecting our interests and regulatory autonomy. To help get talks underway, we’ve scoped out ways to reduce barriers. We now need the U.S. to show it’s ready for a fair, balanced deal.”
Trump initially imposed a 20% “reciprocal” tariff on all goods coming from the EU but paused the measures for 90 days for negotiations, lowering the duty to 10% until that time. A 25% tariff on foreign cars and steel and aluminum imports remains in place.
The EU has currently paused its initial set of retaliatory measures — a response to the metals duties — which target around 21 billion euros ($24.1 billion) worth of U.S. goods, chiefly with a tariff rate of 25%.
