Categories: Business

EU green lights trade talks with Washington: sources

The EU’s 28 member states had struggled for months to agree on a mandate to open trans-Atlantic talks, with some fearing the delay would restart a trade war with US President Donald Trump.

EU sources said France voted against the mandate and Belgium abstained during a meeting of EU ministers in Luxembourg.

Pursuing a limited trade deal is a key element of a truce negotiated in July that came close to imploding last week after the US threatened $11 billion in fresh trade tariffs against Europe.

Advertisement

Paris voted against the mandate worried about domestic blowback just months ahead of European elections, set for May 23 to 26.

French President Emmanuel Macron has insisted on the US first signing back up to the Paris climate accord after Trump dumped the pact in 2017, infuriating Macron.

But only a qualified majority of EU members was needed to support the talks, meaning France’s “non” remained largely symbolic.

Advertisement

For more news your way

Download our app and read this and other great stories on the move. Available for Android and iOS.

Published by
By Agence France Presse
Read more on these topics: business news