Handelsblatt, a German newspaper, reported on Monday that the European Commission is prepared to accept a fixed tariff of the United States (USA) of 10% under clear conditions.
Additional conclusions
Brussels negotiators expect a fixed tariff to avoid higher US tariffs on cars, pharmaceutical and microelectronic products.
Americans have not yet agreed to limit their tariffs on cars against the European Union (EU) to 10%.
If the US renounces higher cars tariffs, the EU will reduce its import tariffs on American vehicles and recognize certain standards of American products in the future.
Market reaction
EUR/USD is maintained in the highest land about 1,1585, at the time of writing, rising 0.26% in daily terms.
Source: Fx Street
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