Sefcovic and Greer meet in Paris amid EU car tariff threat
Updated
Updated · The Wall Street Journal · May 4
Sefcovic and Greer meet in Paris amid EU car tariff threat
15 articles · Updated · The Wall Street Journal · May 4
The talks are due on Tuesday on the sidelines of a G7 meeting after Donald Trump said he would raise tariffs on EU cars to 25% from 15%.
Trump said the increase was justified because the bloc was not fully complying with last year's trade agreement with Washington.
The European Commission says it is finalising legislation to lower tariffs on US goods and has kept the US administration informed as it implements the deal.
As tariff threats escalate, will the EU be forced to deploy its powerful 'trade bazooka' against the US?
Can the fragile US-EU trade deal survive when a single tariff hike could instantly nullify the entire agreement?