The European Commission has responded to the U.S. administration with a slightly tweaked list of concessions it is willing to offer to avert a transatlantic trade war, an EU diplomat and two EU officials told POLITICO.
The new document comes in response to a first letter sent last week by the Trump administration aimed at laying out principles for negotiations — which marked the first concrete engagement from Washington.
It aims to boost purchases in strategic sectors, such as energy, as well as developing cooperation on 5G and 6G mobile networks, the diplomats said. It would also ramp up strategic cooperation in sensitive sectors that have undergone trade investigations resulting in U.S. tariffs, such as steel and aluminum, semiconductors and cars.
The new term sheet from the European Commission runs to 11 pages and seven chapters, the officials said, and includes offers on tariffs and nontariff barriers, as well as on economic security and investments.
