Economics
Europe Says It Could Clinch Trade Deal With Trump This Year
- EU’s Malmstrom says she expects greenlight for talks in March
- Commerce ministers discuss plan for industrial-tariff cuts
Operations at the HHLA Container Terminal Altenwerder (CTA) in the port of Hamburg.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
European Union Trade Commissioner Cecilia Malmstrom said a trans-Atlantic trade deal could be achieved before year-end, stressing a readiness to work speedily as the bloc tries to keep at bay the threat of U.S. automotive tariffs.
Malmstrom said she expects EU governments to give her the go-ahead in March to start negotiations with the U.S. to cut tariffs on industrial goods. A final agreement with President Donald Trump’s administration could be reached before the European Commission’s term ends on Oct. 31, she said.