Brussels negotiators are attempting to avert heightened U.S. tariffs on key European exports by suggesting a 10% tariff on all EU exports to the United States, contingent on certain conditions. In exchange, the EU is prepared to lower its tariffs on U.S. cars and eliminate purchase restrictions on Russian natural gas, thus enhancing market access for U.S. producers. Despite these initiatives, U.S. negotiators remain hesitant to formalize a cap on tariffs for EU automobiles, amidst ongoing discussions about tariff implications for President Trump’s economic policy.
Brussels negotiators hope that offering to accept U.S. tariffs of 10% across all of the European Union's exports into the United States will avert any higher duties on cars, drugs and electronics.
The EU is ready to cut its tariffs on U.S.-made vehicles, and to possibly change technical or legal hurdles to make it easier for U.S. manufacturers.
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