The Latest: EU's Tusk expresses "cautious optimism" on trade

The Latest: EU's Tusk expresses "cautious optimism" on trade


2 photos
Save Story
Leer en español

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BERLIN (AP) — The Latest on the reaction to President Donald Trump's proposal to put tariffs on steel and aluminum (all times local):

6:05 p.m.

European Union Council President Donald Tusk says he has "cautious optimism" that a trade war between the EU and the United States over steel and aluminum tariffs can be avoided.

Tusk said the EU's trade chief, Cecilia Malmstrom, was having good talks in Washington, where she is asking that the EU be exempted from the planned tariffs.

Tusk said in Brussels: "I use intentionally this term 'cautious optimism' but I have good reasons to believe that Commissioner Malmstrom will be even more effective than we expected two or three days ago."

He added that "everything will be clear tomorrow" when the 28 EU leaders will open a two-day summit where the trade differences with Washington will be high on the agenda.

___

4:40 p.m.

German Chancellor Angela Merkel is backing talks aimed at averting U.S. steel and aluminum tariffs that she believes are illegal, but says Europe will retaliate in an "unambiguous" way if it has to.

The European Union is seeking an exemption from the tariffs for the 28-nation bloc. President Donald Trump's tariffs of 25 percent on imported steel and 10 percent on aluminum take effect Friday, but he has temporarily exempted Canada and Mexico.

Merkel told the German parliament Wednesday: "We will ... of course continue to back talks but if necessary take unambiguous counter-measures."

EU leaders are to discuss the issue at a summit Thursday. Merkel said: "We believe these tariffs are illegal, we think they are harmful ... but we must of course await developments."

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast