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5/17, 5:46 PM (Source: TeleTrader)
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EU open to 'limited' trade deal with US - Malmstrom

European Union's Trade Commissioner Cecilia Malmstrom stated on Friday that the EU is open to a "limited" trade agreement with the United States, including cars. However, she warned, the bloc would not be willing to negotiate on "WTO-illegal managed trade."

The EU rejects the notion that its car exports are a national security threat to the US, the commissioner stressed. The postponed auto tariffs have been under consideration by the US administration for over a year now, citing national security concerns.

The issue will be discussed with US Trade Representative Robert Lighthizer next week in Paris and with EU Trade Ministers on May 27, Malmstrom said in her tweet.

Breaking the News / NI