EU closing in on ‘framework’ trade deal with US to avoid Trump’s 50% tariffs
Diplomats and officials say bloc willing to accept 10% tariffs, but talks may go down to wire before Wednesday deadline
The EU and US are closing in on a high-level “framework” trade deal that would avert 50% tariffs on all exports from the bloc next Wednesday, Donald Trump’s self-imposed deadline.
Talks in Washington could go down to the wire, but diplomats and officials said the EU was willing to accept Trump’s 10% blanket tariffs. Negotiators will only accept this, however, in exchange for an extension in talks and possible concessions on a 25% car tariff, which is hurting the German car industry, sources said. Continue reading...
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