EU Open To Talks On Equal Car Tariffs With US - German Minister

MOSCOW (Pakistan Point News / Sputnik - 06th October, 2018) The European Union is open to an arrangement with the United States on equal or lower tariffs on car imports, the German economy minister said Friday.

"The EU has been cautious. We are ready to discuss lower or equal tariffs on cars. This would be the best option for all citizens and businesses in the US and Europe," Peter Altmaier told Austria's ORF channel.

Altmaier said after an informal meeting of EU trade ministers in Innsbruck that EU-US talks on car tariffs were underway. He added there were no results but the negotiations had just begun.

The minister said he was convinced that the union could reach a trade deal with Washington to avoid duties on most industrial goods and avert a trade war. He said EU businesses were already suffering from the US tariff war with China.