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EU urges U.S. to reinstate trade deal tariffs

China

China

China

EU urges U.S. to reinstate trade deal tariffs

2026-05-06 14:25 Last Updated At:15:17

The European Union's (EU's) trade chief has urged the United States to quickly restore the tariff levels agreed under last year's EU-U.S. trade deal, the European Commission said on Tuesday in Brussels, Belgium.

The Commission held that it would be "beneficial" to have the main terms of the deal in place ahead of its first anniversary in July.

On the same day, European Commissioner for Trade and Economic Security Maros Sefcovic met with U.S. Trade Representative Jamieson Greer in Paris, France. A key concern for the EU remains U.S. President Donald Trump's threat to raise tariffs on EU cars and trucks to 25 percent, according to Sefcovic.

French President Emmanuel Macron said on Tuesday that if a 25-percent U.S. tariff were imposed on EU cars, the bloc should "activate" its anti-coercion instruments, denouncing what he described as "threats of destabilization", according to French news channel BFM TV.

"Agreements that have been signed must be respected," said Macron, adding that if any country were threatened with tariffs, the EU has equipped itself with instruments that would need to be activated.

Under the EU-U.S. trade deal reached in July 2025, the EU would suspend tariffs on all U.S. industrial products and introduce tariff-rate quotas for a wide range of U.S. agri-food products entering the EU market. In return, the United States would apply a 15-percent import tariff on most EU goods.

EU urges U.S. to reinstate trade deal tariffs

EU urges U.S. to reinstate trade deal tariffs

An estimated 1.52 billion cross-regional passenger trips were made across China during the five-day May Day holiday from May 1 to 5, according to the Ministry of Transport on Tuesday.

The high travel volume indicates a continued and robust recovery in the country's tourism and travel economy, a major driver of consumption.

The ministry said daily trips averaged over 300 million during the holiday, up 4.0 percent from the same period last year.

Journeys by road comprised the vast majority of the travel, accounting for an estimated 1.4 billion trips. Most of the remaining trips were handled by the country's railways, which seated over 106 million passengers, more than 21 million per day.

Meanwhile, waterways were expected to carry 8.5 million trips, or 1.7 million daily, and civil aviation was forecast to see about 10.5 million, averaging 2 million per day.

China predicts over 1.52 bln cross-regional trips during May Day holiday

China predicts over 1.52 bln cross-regional trips during May Day holiday

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