According to the Financial Times
The report says that US commerce secretary, Wilbur Ross, has floated new talks with the EU as an alternative to imposing auto tariffs on the bloc next month - in what would be a bit of a reprieve for Brussels.
Ross noted in an interview that Trump could "choose some form of negotiation" as a possible path forward in dealing with the matter.
Although, he also noted that Trump has "quite a lot of alternatives" and he does not think that everyone should prejudge what the conclusion will be.
The full report can be found here (may be gated).
If anything else, the mere option of possible negotiations and a temporary trade standoff beats the implementation of tariffs on any given day. As such, this could lend a bit of a reprieve to European stocks later today.
