The EU will offer to cut tariffs on US car imports as part of a deal to avoid a trade war with Donald Trump, according to a senior lawmaker. Bernd Lange, who heads the European parliament’s trade committee, told the Financial Times the bloc was willing to lower its 10 per cent import tax closer to the 2.5 per cent charged by the US.

The European Union plans to offer to reduce tariffs on U.S. car imports as part of a deal to avert a trade war with U.S. President Donald