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EU trade negotiator heads to Washington for talks

AFP  |  Brussels 

The EU's top was headed to on Monday to meet Trade Representative in an effort to breathe life into an attempt to strike a trade deal.

is also Trump's point man for just-launched trade talks with China, and the meeting with Malmstrom will include discussions on how the and the US as well as can better cooperate to face

The mooted trade deal with the EU came after US and agreed in July to hold off on any new tariffs while negotiations are under way.

Officials in hope the talks will cajole Trump away from slapping 25 percent tariffs on European auto imports, that would mostly affect and possibly spark a trade war.

A component of the truce between the EU and US was to boost European imports of soya from the US, a sensitive sector that has been decimated by Trump's trade war with

The announced on Monday that imports of US soya beans by the EU increased by 112 per cent over the current market year (July-December 2018), compared to the same period in the previous year.

The EU however insists that the boost is due only to market forces, and did not independently plan for the increase to satisfy Trump.

The Commission added that US soya bean imports were likely to rise further after the EU facilitated the use of US soya beans for in

The deal in July came after the US slapped tariffs on and aluminium from the EU and other partners, that are still in effect.

The commission last week made definitive certain provisional "safeguard" measures put in place to protect Europe's industry from the knock-on effects of those tariffs.

Since introduced its protectionist duties on metals at the beginning of June, production that no longer finds outlets in the has been flooding other markets, particularly

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 07 2019. 21:20 IST
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