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Juncker and Trump’s Transatlantic Trade Truce Falters

(Jakob Hanke, Christian Oliver & Megan Cassella – Politico)

Europe’s fragile peace deal with the U.S. on trade is at breaking point.

Washington is again threatening high tariffs on Europe’s all-important car industry just as U.S. President Donald Trump is seeking to whip up support before mid-term elections on November 6.

In an unusually outspoken attack, two top U.S. officials on Wednesday made clear that Trump was growing frustrated with Europe’s foot-dragging over a promised trade deal, and was gearing up to roll out car tariffs put on ice in July.

U.S. Commerce Secretary Wilbur Ross, who was in Brussels on Tuesday and Wednesday, was visibly annoyed by the lack of progress in talks and lashed out at the explanation given by EU trade chief Cecilia Malmström. Click here to read more.