EU Seeks to Inject New Momentum into US Trade Talks

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

The EU has shared a revised trade proposal with Donald Trump’s administration, which takes US interests on issues including labor rights, environmental standards and economic security into account, we’re told. The proposal — sent to officials in Washington earlier this week — includes measures to gradually reduce tariffs to zero on both sides for non-sensitive agricultural products as well as industrial goods. It marks a push by the bloc to inject momentum into talks with the White House — despite skepticism about whether a transatlantic deal can be reached. The commission’s offer comes in response to a paper shared by US counterparts, which one EU official described as a wish list of unrealistic demands. Technical talks are ongoing, and the two sides are aiming to meet in early June.