🇪🇺EU will reduce tariffs on cars from the USA to avoid a trade war with the Trump administration.
Bernd Lange, head of the European Parliament's trade committee, stated that the EU is ready to lower the import tax on cars from the current 10% to a level close to 2.5%, which is in effect in the USA.
This move is aimed at easing tensions and preventing the introduction of reciprocal tariffs.
FT.COM
