Chair of the European Parliament’s Committee on International Trade Bernd Lange told the Financial Times in an interview posted on Friday that the European Union is ready to offer to cut tariffs on cars coming from the United States in an effort to avoid a trade war with US President Donald Trump. “We can try to have a deal before escalating costs and tariffs,” he commented, adding that the import tax, which now stands at 10%, could fall closer to the 2.5% that Washington currently charges for cars imported from the EU. Officials in Brussels told the news outlet that the bloc’s car sector would back the move. Apart from this, the EU would offer to buy larger volumes of liquefied natural gas and military equipment from the US, according to Lange. In the past couple of weeks, Trump has repeatedly complained about the US-EU trade deficit, vowing to slap tariffs on the bloc. Lange cautioned that the EU would fight back, potentially targeting US tech and financial firms, should negotiations fall through