Even the threat of tariffs work 
The European Union is reportedly ready to slash tariffs on U.S. auto imports to the same level charged on its exports in a move that would generate huge sighs of relief from investors.
This would be especially timely because manufacturers like Porsche are reviving investment in internal combustion engine vehicles as electric vehicle sales falter. The only large market remaining in the world for ICE vehicles is the U.S. To be cut off from that market would be financially disastrous for the Europeans.
www.forbes.com

The European Union is reportedly ready to slash tariffs on U.S. auto imports to the same level charged on its exports in a move that would generate huge sighs of relief from investors.
This would be especially timely because manufacturers like Porsche are reviving investment in internal combustion engine vehicles as electric vehicle sales falter. The only large market remaining in the world for ICE vehicles is the U.S. To be cut off from that market would be financially disastrous for the Europeans.

EU Unilateral Auto Tariff Offer To U.S. Might Shelter Its Car Makers
The EU is ready to slash tariffs on U.S. auto imports. A former U.S. envoy expects the U.S. to seek big overall changes to tariffs, and unfair non-tariff barriers.
