The EU is racing to secure lower tariffs for its prized car industry this month after Washington refused to cut its 27.5 per cent rate on autos until Brussels introduces legislation to ease its duties on American goods.
After weeks of negotiations, the US and the EU on Thursday outlined the full details of the transatlantic trade deal they struck in Scotland last month, which set the tariff rate on most exports from the bloc at 15 per cent.
Maroš Šefčovič, European trade commissioner, said on Thursday he hoped to launch a legislative proposal to lower its tariffs on US some goods by the end of August.
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