European capitals have welcomed the agreement reached by the US and the EU on defusing trade tensions, with Berlin hailing it as a “breakthrough”.
However, Paris was more cautious, saying it was seeking “clarifications” on what the pact entailed and that European standards on food and the environment must be safeguarded.
There was huge relief in Germany, where concern had been mounting over the potential damage vehicle tariffs threatened by US President Donald Trump might inflict on its car industry. Peter Altmaier, Germany’s economy minister, said the accord was a breakthrough that “can avoid trade war and save millions of jobs”.
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