EU Ready to Drop Tariffs If U.S. Does, Dombrovskis Says

The transcript discusses the EU's decision to impose tariffs on the US, unrelated to the US elections, but due to a WTO ruling. The EU prefers a negotiated settlement and is open to dropping tariffs if the US reciprocates. The potential impact of President Biden's multilateral approach is considered, but the EU decides to proceed with tariffs, supported by member states, until a new administration takes office.

What was emphasized by the German Presidency regarding the support of EU Member States?

What is the anticipated timeline for the Biden administration to address the tariff situation?