EU’s Malmstrom Hopes U.S. Car-Duty Threat to Be Lifted Next Week

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The European Union’s trade chief said a U.S. threat to impose tariffs on EU automotive goods later this month persists while sounding a cautiously optimistic note that levies will be avoided.European Trade Commissioner Cecilia Malmstrom repeated that the EU would retaliate with duties on a range of American products should the Trump administration hit imported cars and aut