Economics
EU Outlines Trade Goal With U.S. in Bid to Bolster Truce
- Industrial-tariff cuts eyed as U.S. car-duty threat lingers
- Malmstrom requests green light from EU capitals for talks
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The European Union unveiled a blueprint for a free-trade deal with the U.S. that would cut tariffs on a wide range of industrial goods including cars in a bid to heal commercial ties.
European Trade Commissioner Cecilia Malmstrom asked EU governments on Friday in Brussels for the go-ahead to start negotiations on lowering trans-Atlantic commercial barriers, prodding U.S. President Donald Trump to reverse his protectionist stance.