Following the escalation of US trade disputes, positive signals are emerging from Washington and markets have welcomed the news that the US and Mexico have reached a breakthrough with a Nafta revamp. Additionally, the timeline for US tariffs on European auto imports has been postponed.
The office of European Trade Commission Cecilia Malmström has told Dagens Industri (DI) that talks are ongoing and the signals are positive: “Both sides have agreed not to introduce any new tariffs as long as we are talking to each other”.
The Brussels office has also confirmed that Cecilia Malmström will meet Robert Lighthizer, the US trade representative, in September.
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