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Some EU car companies and governments suggest exchanging investment in the United States for tariff exemptions."

Internet reports that people familiar with the matter said that some EU automakers and governments are pushing to reach an agreement with the United States to achieve tariff exemptions, while the EU is increasing investment in the United States. The EU must reach a trade arrangement with Trump by July 9, otherwise tariffs on almost all EU exports to the United States will jump to 50%. Following talks in Washington this week, EU member states were briefed on the status of trade talks on Friday and were told that a technical agreement in principle was imminent, people familiar with the matter said.

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