EU’s Sefcovic: Proposed 0 for 0 tariffs on industrial goods

FXStreetMay 6, 2025 7:56 AM

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European Union (EU) Trade Commissioner Maros Sefcovic said on Tuesday that they have “proposed 0 for 0 tariffs on industrial goods.”

Key takeaways

Accelerating trade talks with India among others.

Another €170B US-exports may be impacted by tariffs.

Ready to use all available tools in trade defence.

Market reaction

EUR/USD is building on its upbeat momentum following these comments and was last seen adding 0.27% on the day at 1.1344.

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