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New developments in the US-EU trade agreement: US proposals put on hold, checklist being formulated.
According to informed sources, the EU will collaborate with the United States to develop a new plan to implement the next phase of their trade agreement, aiming to set aside Washington's proposal—which calls for the EU to withdraw some regulatory measures long criticized by Trump. According to the sources, the current idea is to create a checklist to ensure the agreement remains on track and to move forward within the parameters established by both sides this summer.
Earlier reports indicated that, earlier this month, Washington requested Brussels to revise several laws related to technology, digital, and business environments. EU officials believe these demands are too harsh to serve as a starting point for negotiations. The EU stated it is ready to discuss these issues and address concerns but will not give up its regulatory autonomy. According to informed sources, after talks between EU Trade Commissioner Šefčovič and U.S. Trade Representative Tai over the weekend, Brussels decided to shelve these demands and instead develop a new list.