von der Leyen says that she stressed on "a negotiated resolution to the current situation, emphasising the need to avoid further escalation". The "current situation" of course being issues caused by US tariffs, or as she puts it "widespread disruption". She also adds that they both discussed addressing possible trade diversion caused by tariffs, especially in sectors already affected by global overcapacity.

A lot of big words but we'll see how things go. It's funny how this time last year the EU was trying ever so hard to diversify away from China. Not that they aren't still doing that but with Trump in the picture, there's that saying the enemy of my enemy is my friend.

Source: Forex Live