EU, US explore goods tariffs pact amid trade tensions

The European Union's top trade official says the bloc is in exploratory talks with the United States to see whether it would be possible to reach a limited trans-Atlantic agreement on the tariff of goods.

EU Trade Commissioner Cecilia Malmstrom said Thursday that "this could be, possibly, a more limited trade agreement focused on tariffs on goods only."
While she acknowledged that both sides might have greater ambitions, concluding something as broad as the now-shelved Trans-Atlantic Trade and Investment Partnership "is not possible."