Close Menu
The Oasis Report
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
What's Hot

US Vice President Meets EU Commission Chief, Hopes to Move Forward Trade Talks

May 18, 2025

US Treasury Chief Dismisses Moody’s Downgrade amid Trump Tax Cut Debate

May 18, 2025

Moody’s Downgrade Intensifies Investor Worry about US Fiscal Path

May 18, 2025
Facebook X (Twitter) Instagram
Trending
  • US Vice President Meets EU Commission Chief, Hopes to Move Forward Trade Talks
  • US Treasury Chief Dismisses Moody’s Downgrade amid Trump Tax Cut Debate
  • Moody’s Downgrade Intensifies Investor Worry about US Fiscal Path
  • China Slaps Anti-dumping Duties on Plastics from US, EU, Japan, Taiwan
  • US loses final triple-A credit rating as Moody’s cites rising debt and deficits
  • KACST, Caltech Sign Agreement to Strengthen Cooperation in Earth and Space Sciences
  • Syria Plans to Print Currency in UAE and Germany, Ending Russian Role
  • Oil Heads for Weekly Gain but Remains under Supply Hike Pressure
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
The Oasis ReportThe Oasis Report
Sunday, May 18
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
The Oasis Report
Home » US Vice President Meets EU Commission Chief, Hopes to Move Forward Trade Talks

US Vice President Meets EU Commission Chief, Hopes to Move Forward Trade Talks

adminBy adminMay 18, 2025 Startups No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


US Vice President JD Vance met European Commission President Ursula von der Leyen and Italian Prime Minister Giorgia Meloni on Sunday, and said he hoped their encounter would help move forward trade talks between the EU and the United States.

“Europe is an important ally of the United States… but, of course, we have some disagreements, as friends sometimes do, on issues like trade,” Vance said, sitting alongside von der Leyen and Meloni in Rome after they had all attended Pope Leo’s inaugural Mass.

“I think we’ll have a great conversation, and hopefully it will be the beginning of some long-term trade negotiations and some long-term trade advantages between both Europe and the United States,” he added.

The White House has imposed a 25% tariff on imports of steel, aluminium and cars, as well as a baseline 10% tariff on almost all countries, with additional “reciprocal” tariffs — making for a combined 20% in the EU’s case — lined up if negotiations during a 90-day pause fail.

Von der Leyen said the trade relationship between the European Union and the United States was the largest in the world and worth more than $1.5 trillion a year.

She added that the two sides had exchanged negotiating documents outlining the various areas of future discussion.

“It is important now we’ve exchanged papers that our experts are deep diving, are discussing the details,” she said.

“Everybody knows that the devil is in the detail, but what unites us is that at the end, we want together to have a good deal for both sides,” she added.

Von der Leyen has not managed to hold a formal meeting with US President Donald Trump since he regained the US presidency in January, exchanging words only briefly at Pope Francis’s funeral last month at the Vatican.

Besides discussing tariffs, she said she also wanted to talk to Vance about Ukraine and defense spending.



Source link

admin
  • Website

Keep Reading

US Treasury Chief Dismisses Moody’s Downgrade amid Trump Tax Cut Debate

Moody’s Downgrade Intensifies Investor Worry about US Fiscal Path

China Slaps Anti-dumping Duties on Plastics from US, EU, Japan, Taiwan

KACST, Caltech Sign Agreement to Strengthen Cooperation in Earth and Space Sciences

Syria Plans to Print Currency in UAE and Germany, Ending Russian Role

Oil Heads for Weekly Gain but Remains under Supply Hike Pressure

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Saudi Arabia trims bets on US tech stocks

May 16, 2025

The multi-trillion dollar deals agreed on Trump’s trip

May 16, 2025

Turkey gets $219m to develop projects in quake-hit cities

May 16, 2025

Jordan’s Bank al Etihad buys smaller Investbank

May 16, 2025
Latest Posts

Saudi Arabia, Qatar UAE go all out

May 16, 2025

Nvidia recoups its losses for the year

May 15, 2025

Nvidia is back in the green amid Trump’s dealmaking

May 15, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to The Oasis Report, your trusted source for the latest news and insights on startups, markets, business, economy, and finance in Saudi Arabia. We are dedicated to providing timely, accurate, and in-depth coverage of the ever-evolving financial and business landscape in the region.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

© 2025 theoasisreport. Designed by TeraSolutions.io

Type above and press Enter to search. Press Esc to cancel.