EU and U.S. can still avoid trade conflict: German economy minister

BERLIN (Reuters) – Toby Germany believes there is a chance that the European Union and the United States could avoid a dispute over planned U.S. tariffs on steel and aluminum imports from morphing into a wider trade conflict, its economy minister said on Monday.

“Both Secretary Ross and I have the impression that decisive talks will take place this week and that it is possible to reach a solution that averts a difficult trade conflict,” Peter Altmaier told reporters in Washington after talks with U.S. Commerce Secretary Wilbur Ross.

“This is not sure but I think with good will from both sides there is a chance that we could have a positive signal by the end of the week,” he added, referring to talks on Tuesday between Ross and European Trade Commissioner Cecilia Malmstrom.

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