EU trade commissioner discusses critical minerals and tariffs with US counterpart

Saturday 28 - 10:00

The European Union's Trade Commissioner, Maros Sefcovic, held a “very positive” meeting with U.S. Trade Representative Jamieson Greer on the sidelines of the World Trade Organization (WTO) ministerial in Cameroon on Saturday. The discussions focused on advancing cooperation on critical minerals and reviewing import tariffs between the two economic powers.

During the meeting, both parties reaffirmed their commitment to the trade agreement reached in Turnberry, Scotland, in July 2025, amid ongoing concerns about potential tariff increases and import levies proposed by the U.S. administration. Safeguards have been incorporated into EU legislation to ensure that the agreement is fully implemented and respected.

Under the agreement, the United States imposed a 15% tariff on most EU goods, which is half the initially threatened rate, effectively averting a potential escalation into a full-scale trade war. The EU is the largest trading partner of the U.S., with exports reaching a record €555 billion ($641 billion) in 2025.

Commissioner Sefcovic emphasized that the positive dialogue demonstrates both sides’ commitment to sustaining cooperation despite global uncertainties. Strengthening trade ties on strategic sectors such as critical minerals is viewed as essential for future economic and technological resilience.

The discussions also reflect the broader context of EU-U.S. relations, which aim to balance economic interests, ensure supply chain security, and maintain stability in global trade.