# EU Submits Updated Proposal to US for Trade Deal, Sources Say

 

# EU Submits Updated Proposal to US for Trade Deal, Sources Say

The European Union has submitted an updated proposal to the United States for a trade deal, according to sources cited by Bloomberg. The new document includes proposals that take into account American interests, such as international labor rights, environmental standards, and economic security.

*Key Points of the Proposal*

- *Tariff Reduction*: Gradual reduction of tariffs on sensitive agricultural and industrial products to zero on both sides.

- *Cooperation Areas*: Export controls, investment screening, combating overproduction, and global competition in the civil aircraft sector.

- *Upcoming Meeting*: Both sides plan to meet in early June to discuss the trade deal.

*Background*

The EU and US began trade negotiations after President Donald Trump announced high tariffs on EU imports. The previous EU proposal included measures to reduce non-tariff barriers, increase European investments in the US, and enhance EU purchases of American goods.

*Sources*

According to Bloomberg's sources, the updated proposal aims to address US concerns while promoting mutual trade benefits.

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