The EU has reverted to offering the US tit-for-tat tariff reductions on cars, with negotiators abandoning the idea of a complex “netting mechanism” first proposed by German carmakers.
Under the latest proposal from EU negotiators, the bloc would drop its 10 per cent duties on US car exports if the Trump administration reduces its own levies on the sector below 20 per cent.
The move is the latest attempt by Brussels to address the single biggest stumbling block to an EU-US framework deal to stabilise the transatlantic trading relationship after President Donald Trump’s tariff assault.
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