Post #1090 by PucksFool on the Macroeconomic Trends and Risks board

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https://finance.yahoo.com/news/eu-extend-suspensio...
The European Union is preparing to step up engagement with other countries hit by President Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners.

While there’s always regular contact with other countries, particularly among the Group of Seven, the risk of wider trade wars means “there is this new sense of urgency,” EU chief trade negotiator Maros Sefcovic told reporters Monday as he entered a meeting of trade ministers.

The contacts with nations including Canada and Japan could include the potential for coordination, Bloomberg News reported earlier. European Commission President Ursula von der Leyen plans to speak later Monday with Canadian Prime Minister Mark Carney, an EU official said.

The outreach comes as Canada and the EU’s trade talks with the US have dragged on and continue to be stuck on several issues ranging from autos to agriculture.

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