Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

U.S. official sees a way beyond impasse in U.S.-EU trade talks

Published 07/09/2019, 11:07 AM
Updated 07/09/2019, 11:11 AM
U.S. official sees a way beyond impasse in U.S.-EU trade talks

WASHINGTON (Reuters) - U.S. and European officials are in talks on how to move beyond the current impasse in trade talks, namely whether agriculture should be included in any agreement, White House economic adviser Larry Kudlow told reporters on Tuesday.

Kudlow told an event hosted by CNBC that progress was being made on U.S. trade talks with both the European Union and Japan, but gave no details.

The United States has insisted it will not reach a trade deal with the EU if agriculture is not included, but the EU has excluded agriculture from its mandate for the talks.

Asked if he saw a way for the two sides to move forward despite the disagreement over whether to include agriculture, Kudlow said, "Yeah, I do, but I don't want to be specific."

He said there were "lots of talks" with the Europeans about the issue, but he didn't want to make any formal announcements.

A senior German diplomat this week urged the two sides to move forward with trade negotiations, focusing on potential common ground, instead of allowing disagreements over agriculture to block progress.

The impasse over agriculture has prevented negotiations from beginning in earnest, a full year after European Commission chief Jean-Claude Juncker and U.S. President Donald Trump reached an agreement staving off punitive U.S. tariffs on EU car imports while the two sides worked to improve trade ties.

Kudlow said the two sides had remained in dialogue for the past year, although no conclusions had been reached.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.