News / EC ready to talk with US on tariffs – but a deal 'must be mutually beneficial'

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The European Commission (EC) is “ready to find mutually beneficial solutions” with the US amid ‘tit-for-tat’ tariff threats.

According to the commission, there is no “absolute” figure for average tariffs on EU-US trade, as “this calculation can be done in a variety of ways which produce quite varied results”. 

However, it estimated that, “considering the actual trade in goods between the EU and US in practice”, the average tariff rate on both sides is approximately 1%. 

According to EC data, the US collected ...