EU Eyes Quick U.S. Trade Pact to Avoid Trump Car-Duty Threat



Jonathan Stearns | Bloomberg

The European Union vowed to seek a quick and limited trade accord with the U.S. in the hope of keeping at bay the threat of American tariffs on EU cars and auto parts. The pledge at a gathering of commerce ministers from the EU in Innsbruck, Austria, on Friday showed that Europe is still trying to understand the trade-policy intentions of U.S. President Donald Trump’s administration and wary of being wrong-footed. At stake is how to carry forward a deal in July between Trump and European Commission President Jean-Claude Juncker that put on hold possible U.S. automotive duties based on the same national-security grounds the White House used to impose controversial levies on foreign steel and aluminum. Read more here