Diplomats and officials say bloc willing to accept 10% tariffs, but talks may go down to wire before Wednesday deadline

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The EU and US are closing in on a high-level “framework” trade deal that will avert 50% tariffs being imposed on all exports from the bloc next Wednesday, Donald Trump’s self-imposed deadline.

Talks in Washington could go down to the wire, but multiple diplomats and officials said the EU was now willing to accept Trump’s 10% blanket tariffs. However, negotiators will accept this only in exchange for an extension in talks and possible concessions on a 25% car tariff, which is hurting the German car industry, sources said.