EU Plans Trade Concessions to Ease US Tariffs

The European Union is preparing to offer trade concessions to the U.S. in an effort to ease some of the tariffs imposed by Donald Trump’s administration.

During meetings in Washington this week, EU officials were informed that new tariffs on automobiles and other goods were unavoidable. In response, the EU has started drafting a proposal outlining possible compromises to reach a trade agreement with the U.S.

Source:Bloomberg

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