1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Proposed U.S.-EU Trade Negotiations: Hitting Pause on a Trade War? -na-e redacted- Specialist in International Trade and Finance August 9, 2018 On July 25, 2018, the United States and European Union (EU) announced a “new p
2、hase” in their relationship for “freer, fairer, and more reciprocal trade.” They agreed to launch negotiations to eliminate tariffs, nontariff barriers, and subsidies on “non-auto industrial goods,” as well as to boost trade specifically in services, chemicals, pharmaceuticals, medical products, and
3、 U.S. soybeans. Amid a potential tit-for-tat escalation of tariffs, the two sides agreed not to impose further tariffs on each others traded products while negotiations are active and to examine current U.S. steel and aluminum tariffs. They also committed to the following: enhancing their strategic
4、cooperation on energy to boost the EUs purchase of U.S. liquefied natural gas (LNG) to diversify its energy supply; launching a dialogue on standards and regulations to reduce exporting barriers and costs; and working with “like-minded partners” to address unfair trade practices and World Trade Orga
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