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EU may try to broker international deal to cut auto tariffs, ease trade war

The European Union is reportedly looking at whether it can work out a tariff deal between the world’s biggest car exporters in an effort to avoid an all-out trade war with the U.S.

Officials from the bloc are exploring the idea of international talks with countries such as the U.S., Japan and South Korea to come up with a “plurilateral” deal, the Financial Times reported on Wednesday, citing three diplomats.

That agreement — struck between a group of countries and not the whole membership of the World Trade Organization — could lay out tariffs on a particular auto-sector products, including cuts.

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