EU Explores Trade Deal to Offset U.S. Car Exports, Seeks Tariff Exemptions and Considers Retaliatory Measures

The European Union is exploring a potential trade agreement with the United States that would offset U.S. car exports with corresponding imports to balance automotive trade between the two regions, according to EU sources. As part of these negotiations, the EU aims to secure baseline tariff exemptions for aircraft and spirits. However, in a related development, the EU is also considering retaliatory trade measures targeting U.S.-made aircraft, cars, and food products, as reported by Politico. These measures appear to be a response to ongoing trade tensions between the EU and the U.S.