BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
World

US vice president meets EU Commission chief, hopes to move forward trade talks

Published Updated
Italy’s Prime Minister, Giorgia Meloni (C) meets with European Commission President Ursula von der Leyen and US Vice President JD Vance at Palazzo Chigi in Rome on May 18, 2025. Photo: AFP
Italy’s Prime Minister, Giorgia Meloni (C) meets with European Commission President Ursula von der Leyen and US Vice President JD Vance at Palazzo Chigi in Rome on May 18, 2025. Photo: AFP
By

ROME: 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 defence spending.

Comments

Comments are closed for this article.