The European Parliament talked about the timing of the conclusion of a trade deal with the United States

The European Parliament hopes for a quick conclusion of a trade agreement with the United States, Fernand Kartheiser, MEP, member of the Committee on Industry, Research and Energy, told Izvestia.

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"Perhaps we should focus solely on tariffs, as both sides of the Atlantic are clearly interested in achieving results on their removal. In general, I advocate free trade and low tariffs for several reasons: tariffs reinforce inflationary trends, and protectionism prevents companies from adapting to their competitors," the politician told Izvestia.

On April 2, US President Donald Trump announced the imposition of customs duties on products from more than 200 countries and territories. Universal tariffs of 10% came into force on April 5, individual tariffs — on April 9. In addition, the US administration has imposed customs duties of 25% on all imported cars since April 3.

Brussels has prepared retaliatory duties on $22 billion worth of imports from the United States. However, in April, the parties postponed the introduction of tariff measures and decided to give negotiations a chance.

Read more in the exclusive Izvestia article:

Euromission: The EU is holding informal trade talks with the United States