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International talks to cut car tariffs?

Published 07/04/2018, 04:16 AM
© Reuters.  International talks to cut car tariffs?
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  • The European Commission is considering holding talks on a tariff-cutting deal between the world’s largest car exporters to prevent an all-out trade war with the U.S., FT reports.
  • "Under such a deal, participants would reduce tariffs to agreed levels for a specified set of products - a concept in international trade known as a 'plurilateral agreement' that lets countries strike deals on tariffs without including the entire membership of the WTO."
  • The proposal comes ahead of a meeting between the EU's Jean-Claude Juncker and President Trump in Washington later in July.
  • Related: F, GM, FCAU, TM, HMC, OTCPK:MZDAY, OTCPK:MMTOF, OTCPK:HYMLF, OTCPK:KIMTF, OTCPK:NSANY, OTCPK:VLKAF, OTCPK:DDAIF, OTCPK:BAMXF, OTC:RNSDF, OTC:PUGOF
  • Now read: The R.I.P. Portfolio: Q2 2018 Update


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