Time is running out for the EU to secure continued exemptions from US tariffs on steel and aluminum imports.
Trump's threat of auto tariffs has finally spurred EU leaders into action on a new trade deal with Washington. As the US president seeks reelection next year, will Europe hold more clout in upcoming negotiations?
European Union member nations have paved the way for the beginning of formal trade negotiations with the United States. The move comes amid a threat by Donald Trump to impose tariffs on the EU over Airbus subsidies.
The Trump administration has lashed out at Brussels for subsidies received by aerospace giant Airbus. A US official has described growing impatience in Washington, saying: "The time has come for action."
A list of retaliatory EU tariffs on US imports will reportedly be published next Wednesday. The EU accuses the US of providing illegal state aid to Boeing, and the US accuses the EU of doing the same for Airbus.
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