The Latest Breaking News from Olof Gill

A high-level meeting is under way in Washington on Tuesday and Wednesday as the EU and US attempt to escape a full-blown transatlantic trade war.

The European Commission says it is looking at ways to potentially reduce its trade surplus with the US, although stresses that no formal offer has been made.

As the US rolls out new tariffs, the European Commission is preparing its response. The latest measures will factor in the car tariffs announced on Wednesday night, along with the reciprocal tariffs expected next week, as trade tensions between Brussels and Washington escalate.

The EU said Thursday its tariffs targeting American goods in retaliation for US levies on steel and aluminium would start in mid-April, two weeks later than planned, to give more time for dialogue.

Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

EU Trade Commissioner Valdis Dombrovskis reported positive progress in discussions with Chinese Commerce Minister Wang Wentao on Thursday. The talks come as China aims to negotiate an agreement with the European Union to prevent the imposition of high tariffs on electric vehicles (EVs) exported to EU countries.