The Trump administration in the US is reportedly considering more negotiations with the EU rather than imposing new tariffs on car imports next month according to a report in the Financial Times.
The controversial decision in the US earlier this year to impose tariffs on EU car imports – on national security grounds – was delayed until November.
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US Commerce Secretary Wilbur Ross has suggested in an interview with the Financial Times that an option other than imposing the tariffs is further negotiation.
Last week the US starting introducing new import tariffs on a range of EU products including cheese and wine.
Τhe US administration decided to impose 10-25% tariffs on European goods after the World Trade Organisation (WTO) had ruled in favour of the US and against the EU over subsidies for Airbus, a European aircraft manufacturer.
The tariffs imposed last week concern imports of EU products worth a total of EUR6.8bn. The decision has triggered strong reactions across Europe.
In Brussels, the European Commission said in response to last week's new tariffs that applying countermeasures now would be "shortsighted and counterproductive". The Commission stated that it aims to negotiate and find a comprise solution, adding that US consumers would be the most affected.
