The EU is said to be preparing the groundwork for a trade deal with the US. The EU hopes the new administration, which hasn’t been sworn in yet is more straightforward to deal with than Donald Trump to gain a trade deal.
The EU clashed with Donald Trump on many areas of trade, including digital taxes. Brussels expect to get things moving, hoping to create a more profound friendship with closer ties with the US. EU Director-General for Trade Sabine Weyand will start by trying to solve disputes around digital taxes and commercial aircraft.
The Trade Director-General said they held out for a new administration to come in before working towards a resolution. This was because Trump stood up to the EU bully tactics.
Ms Weyand said: “We’ve been holding our fire because we said, ‘okay it’s three weeks to the new administration’.
“So let’s engage rapidly in this, but our objective here is to come to a situation where both sides hopefully would agree to suspend the tariffs.”
“What we had said to the previous administration was that if you have concerns about WTO compatibility, then to take it to the WTO.
“What we cannot accept is that the US takes the law into its own hands.”
The EU made this move for a deal soon after Britain announced its push to secure a deal with the US.