Mexican Media Brands
EU Trade Chief Upbeat on Narrow Deal with U.S.
A trade deal between the European Union and U.S. that focuses on industrial goods could be accomplished “quite quickly,” says EU Trade Commissioner Cecilia Malmstrom.
#economics #labor
Share
A trade deal between the European Union and U.S. that focuses on industrial goods could be accomplished “quite quickly,” says EU Trade Commissioner Cecilia Malmstrom.
But she adds that the expansive pact envisioned by President Donald Trump is “in the freezer.” That deal would encompass far more politically sensitive areas for the EU, such as agricultural and food products.
The two sides agreed last July to suspend their escalating trade war but have made little progress since then. The EU is eager to show progress in the negotiations to avoid stiff U.S. tariffs on vehicles imported from Europe.
Trade ministers from the 28 EU member states will meet tomorrow in Bucharest to discuss moving forward with a focused proposal. The offer is expected to entail an end to EU tariffs on most industrial goods, including cars. It also reportedly would embrace efforts to standardize regulations between the two markets.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.