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The EU is reportedly seeking baseline tariff exemptions for aircraft and spirits in its trade negotiations with the US, according to EU sources.
EU sources say the 🇪🇺 bloc is looking at a possible deal on cars to offset US auto exports against imports. They’re also aiming to secure baseline tariff exemptions for aircraft and spirits as part of the US trade deal.
EU looking into deal to offset US car exports against imports - report https://t.co/1RJ09Nt9Wy
The European Union is working to conclude separate bilateral agreements with the United Kingdom and Canada by the end of July that would open its new €150 billion ($176 billion) loan programme for defence production to the two non-member countries, according to people familiar with the talks. Access to the fund would make it easier for companies in both nations to finance projects aimed at boosting defence-manufacturing capacity, the people said. In parallel, EU officials are considering a proposal in trade negotiations with Washington that would balance American car exports with corresponding imports from Europe, the sources added. The discussions also envisage securing baseline tariff exemptions for European aircraft and spirits, widening the scope of a potential trans-Atlantic accord.
