💨 Abstract

Europe and the U.S. are in Paris to negotiate a tariff dispute. Key issues include the U.S. trade deficit with the EU, EU's 10% tax on imported cars, and the U.S.'s increased steel tariffs. The EU proposed a "zero-for-zero" deal to end tariffs on industrial goods, but Trump rejected it. Both sides are prepared with countermeasures if talks fail. Key sticking points include the EU's value-added tax and U.S

Courtesy: WTOP Staff