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EU trade commissioner discusses critical minerals, tariffs with US

Published by Global Banking & Finance Review

Posted on March 28, 2026

2 min read

· Last updated: April 1, 2026

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EU trade commissioner discusses critical minerals, tariffs with US
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By Olivia Le Poidevin YAOUNDE, March 28 (Reuters) - The European Union's ⁠trade commissioner said on Saturday he held a "very positive" meeting with U.S. Trade Representative Jamieson Greer on the

EU, US Advance Critical Minerals and Tariffs Talks to Strengthen Trade Ties

Progress in EU-US Trade Negotiations

By Olivia Le Poidevin

Positive Developments at WTO Ministerial Meeting

YAOUNDE, March 28 (Reuters) - The European Union's ⁠trade commissioner said on Saturday he held a "very positive" meeting with U.S. Trade Representative Jamieson Greer on the sidelines of the World Trade Organization ministerial meeting in Cameroon.

"We agreed with the United States to further advance work on critical minerals," commissioner Maros Sefcovic said, adding that tariffs were also discussed.

Legislative Advances and Tariff Discussions

EU lawmakers advanced legislation on Thursday to fulfil the ​bloc's side of its trade agreement struck with the U.S. in Turnberry, Scotland, last July, after months of uncertainty over President Donald ‌Trump's tariff threats and new import levy.

Safeguards were added, reflecting concerns that Washington may not stick to the deal.

Key Outcomes of the Agreement

The U.S. struck am agreement with the EU to impose 15% import tariff on most EU goods - half the threatened rate - and averted a bigger trade war between the two allies that account for almost a third of global trade.

Sefcovic said the vote and the positive meeting with Greer were important.

"It demonstrates on both sides, despite turbulences on the global stage, and that we are sticking to the agreement."

Trade Volume and Future Agenda

The U.S. is the ‌EU's ⁠largest trading partner, with EU exports to the U.S. reaching a record 555 billion euros ($641 billion) in 2025.

Sefcovic said the EU is also looking to other trading partners.

Expanding Partnerships and Lowering Tariffs

"Our agenda for the future will be working as much as possible with all the partners who want to have a free trade agreement with us ... and of course to lower tariffs with the partners with whom we are already trading," he said.

(Reporting by Olivia Le Poidevin; Editing by Joe Bavier and Dave Graham)

Key Takeaways

  • Šefčovič and Greer agreed to accelerate work on critical minerals, including an upcoming EU–U.S. memorandum of understanding (ustr.gov)
  • EU lawmakers advanced legislation with safeguards toward implementing the Turnberry trade agreement, reflecting concern over U.S. commitment (reddit.com)
  • EU–U.S. goods trade remains robust—EU exports reached €554 billion in 2025, yielding a substantial surplus and illustrating strong economic interdependence (en.wikipedia.org)

References

Frequently Asked Questions

What was discussed between the EU trade commissioner and the US trade representative?
They discussed advancing work on critical minerals and negotiating tariffs on EU-US trade.
Why did the EU and US agree on new import tariffs?
The agreement was made to avoid a larger trade war and included a 15% tariff on most EU goods, which is half the initially threatened rate.
What legislation did EU lawmakers advance regarding the US trade agreement?
EU lawmakers advanced legislation to fulfill their side of an agreement with the US, including added safeguards.
How much are EU exports to the US worth?
EU exports to the US reached a record 555 billion euros ($641 billion) in 2025.
Is the EU seeking new trade partners beyond the US?
Yes, the EU aims to work with more trading partners and lower tariffs with existing partners.

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