EU Said to Be Willing to Accept US Trade Deal With Key Exemptions

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of its exports, but wants the US to commit to lower rates on key sectors. This is all according to people familiar with the matter. Europe wants lower levies on automobiles, car parts, steel and aluminum. The EU has until July 9 to secure a deal with President Donald Trump. Adam Farrar of Bloomberg Economics speaks on "Bloomberg Businessweek."