11/9/2018, 9:38 AM (Source: TeleTrader)
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Malmstrom: EU will retaliate against US car tariffs

European Union Trade Commissioner Cecilia Malmstrom stated on Friday that the bloc will retaliate against the United States' car tariffs if Washington doesn't take the issue more seriously. Speaking in front of the EU trade ministers, the official noted that the threat of US car tariffs remains real and that there is a long way to go before the trans-Atlantic deal is agreed upon.

Malmstrom gave her remarks following preliminary talks with the US negotiators, stressing that progress has been made on closer regulatory ties with Washington. However, the trade commissioner added that the US still shows little interest in cutting a new deal with the EU on tariffs.

The EU official will meet her counterpart US Trade Representative Robert Lighthizer in Washington on November 14.

Breaking the News / VK