As EU chief trade negotiator Maros Sefcovic began negotiations with the U.S. Trade Representative on Friday on what to achieve in the near future, he was realistic about what results could be achieved. According to people familiar with the EU's ideas, Europe's goal is to save as much transatlantic relations and the existing economic order as possible. But they don't expect to return to their former state. Sefcovic is expected to discuss options such as reducing EU tariffs, potential joint investments and easing certain regulations and standards. Foreign media reported earlier that the European Commission was already developing a "terms list" that could make concessions.