EU will not change VAT system, Sefcovic says

LUXEMBOURG, April 7 (Reuters) - EU trade commissioner Maros Sefcovic said on Monday that the European Union would not change its VAT system, which he described as an important source of income for member states.

U.S. President Donald Trump's administration has said that VAT - value-added taxes - are an additional trade barrier.

Sefcovic also said EU negotiators had not seen engagement that would lead to a mutually acceptable solution, after U.S. President Donald Trump's administration announced last week a sweeping round of tariffs for most imported goods.

Sefcovic added that if negotiations failed to yield an agreement, the EU's own countermeasures on U.S. tariffs, which will start on April 15, could not be delayed.