EU ready to discuss lower auto tariffs with US, says bloc's trade chief

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EU ready to discuss lower auto tariffs with US, says bloc's trade chief - Business Standard

Quick Summary:

But any such move would force the bloc to lower duties for all World Trade Organization members, unless the reduction is part of a formal trade agreement.

Trump says he’ll impose 25 per cent tariffs on steel and aluminum from March 12.

Sefcovic also said Wednesday that the EU is ready for discussions with the US over “big tech,” adding that the bloc’s regulations are aimed at protecting small firms against the largest ones, rather than targeting Americans.