U.S., EU: Brussels To Propose Tit-for-Tat Tariff Reduction on Auto Sector

The European Union is offering the United States a tit-for-tat tariff reduction on vehicles that would see the United States reduce its 25% tariff on European cars to 17.5% in exchange for the European Union reducing its tariffs on U.S. cars to 0%, the Financial Times reported on July 17....