EU, US explore goods tariffs pact amid trade tensions

August 30, 2018 - 8:12 am

BRUSSELS (AP) — The European Union's top trade official says the bloc is in exploratory talks with the United States to see whether it would be possible to reach a limited trans-Atlantic agreement on the tariff of goods.

EU Trade Commissioner Cecilia Malmstrom said Thursday that "this could be, possibly, a more limited trade agreement focused on tariffs on goods only."

As an attempt to ease trade war tensions, U.S. President Donald Trump and EU Commission President Jean-Claude Juncker agreed last month to start talks intended to achieve "zero tariffs" and "zero subsidies" on non-automotive industrial goods.

Malmstrom rejected suggestions the EU is caving in to U.S. pressure, saying "we are not negotiating anything." The two sides are likely to hold talks in Brussels in coming weeks.