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EU-US talks must be based on 'real' picture of balanced trade, Šefčovič says

By Joanna Sopinska ( February 4, 2025, 10:43 GMT | Insight) -- EU-US trade talks must be based on “real” facts and figures for trade flows between the two that factor in both goods and services to show a relatively balanced picture, EU trade chief Maroš Šefčovič said today, with the US having a deficit that amounts to just 3 percent of the total 1.5 trillion euros value of annual bilateral trade. Šefčovič said he would be ready to meet US Secretary of Commerce nominee Howard Lutnick as soon as he is confirmed in the post.EU-US trade talks must be based on “real” facts and figures for trade flows between the two that factor in both goods and services to show a relatively balanced picture, the EU's trade chief said today....

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