READOUT: Secretary of the Treasury Scott Bessent’s Meeting with European Commissioner for Trade and Economic Security Maroš Šefčovič

What this means

Treasury’s April 27, 2026 readout described Secretary Scott Bessent’s meeting the previous Friday with European Commissioner Maroš Šefčovič. They discussed the new critical-minerals action plan, implementation of the 2025 U.S.–EU joint statement and European investment in U.S. industries. Bessent also raised investment screening, industrial overcapacity, risks around the Strait of Hormuz, and food and fertilizer supply chains under the U.S. G20 presidency.

Official release

Source material from U.S. Secretary of the Treasury · Readouts. The wording below is the issuer’s statement.

WASHINGTON – Last Friday, Secretary of the Treasury Scott Bessent met with European Commissioner for Trade and Economic Security Maroš Šefčovič. The Secretary and Commissioner discussed the new U.S.-EU Action Plan for Critical Minerals, as well as progress made on the 2025 EU-U.S. Joint Statement, including the EU’s significant investments in American autos, pharmaceuticals, and energy.

Secretary Bessent highlighted to Minister Šefčovič important joint priorities on economic security, investment screening, and addressing risks from overcapacity production. The Secretary also underscored the importance of addressing Iran’s threat to the Strait of Hormuz and noted the U.S. G20 Presidency’s focus on the efforts to keep food and fertilizer supply chains well-functioning.

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Release text attributed to U.S. Secretary of the Treasury · Readouts. Consult the official publication for any subsequent corrections or updates.