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The two sides have been zeroing in on an agreement that would see the EU face 15% tariffs on most of its trade.

The European Commission has launched a surveillance tool to monitor any trade diversion resulting from U.S. tariffs, as initial results revealed a surge of imports in many goods.

The EU has shared a revised proposal with the U.S., as it aims to inject momentum in talks with President Donald Trump’s administration amid lingering skepticism that a deal can be reached.

The European Union is planning to share a paper with the U.S. next week that will set out a package of proposals to kick-start trade negotiations with the Trump administration.

For Tesla Inc., the 9% tariff is relatively welcome news, as it’s lower than what other manufacturers face.