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

  • Commerce ministers place faith in joint roadmap from July
  • ‘Time is running out,” says German Economy Minister Altmaier
Photographer: SeongJoon Cho/Bloomberg
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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.