EU’s Trade Chief hopes U.S. car-duty threat will be lifted next week

The European Union’s trade chief said a U.S. threat to impose tariffs on EU automotive goods later this month persists while sounding a cautiously optimistic note that levies will be avoided.

European Trade Commissioner Cecilia Malmstrom repeated that the EU would retaliate with duties on a range of American products should the Trump administration hit imported cars and auto parts with tariffs based on national-security grounds. The U.S. faces a self-imposed deadline in mid-November for a decision.