EU debates how and when to start trade talks with Trump by commodityprofitplus.com

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By Philip Blenkinsop

BUCHAREST (Reuters) - European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if the bloc waits too long.

The European Commission has asked the EU's 28 countries to approve two negotiating mandates so that formal talks can begin. Germany is keen to start as soon as possible, while France is reluctant to engage with Trump.

The United States and Europe ended a stand-off of several months last July, when Trump agreed to hold off on car tariffs while the two sides looked to improve trade ties.
They committed to work towards removing tariffs on "non-auto industrial goods", discuss ways to agree on product standards to boost trade and increase EU imports of U.S. soybeans and liquefied natural gas.

The EU is looking now to start negotiations on tariff reductions, possibly including cars, as well as a separate set of talks on making it easier for companies to clear their products for sale on both sides of the Atlantic.