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Europe Exploring Talks With Trump on Car-Tariff Cut

  • European Commission president to meet Trump in Washington
  • The leaders will discuss ways to improve trans-Atlantic trade
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What ’s the future of trade between the U.S. and EU? Here’s the view of think tank Chatham House.Source: Bloomberg
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European Commission President Jean-Claude Juncker will meet President Donald Trump in Washington next week to explore the possibility of starting negotiations on reducing car tariffs for several key trade partners, according to two people with knowledge of the plans.

Juncker will likely signal the EU’s willingness to consider a deal that cuts levies on cars and car parts among all the major automobile-exporting countries, said one of the officials, who asked not to be identified because preparations for the meeting are ongoing. Such a deal, which would have the potential to upend the auto industry, would take time to complete and officials said they aren’t optimistic Trump would accept it.