European Commission proposes tariff removal on US imports to speed up lower car duties

First step in enacting the framework agreement between US and EU

Assembly at a Volkswagen plant of the ID3. The European Commission yesterday proposed removing tariffs on imported US industrial goods, part of a trade agreement with the US that should result in a retroactive lowering of tariffs on European cars.

The European Commission yesterday proposed removing tariffs on imported US industrial goods, part of a trade agreement with the US that should result in a retroactive lowering of tariffs on European cars.

The proposal is the first step in enacting the framework agreement between US president Donald Trump and Commission president Ursula von der Leyen on July 27, which saw the EU accept a broad 15% tariff to avoid a damaging trade war.