(Bloomberg) -- The European Union and the US are progressing toward an agreement that would set a 15% tariff for most products, according to diplomats briefed on the negotiations.

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Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars, the diplomats said. Steel and aluminum imports above a certain quota would face the 50% duty, one of the diplomats added.

The diplomats said that while the EU is optimistic that a deal can be reached, they are also cautious that any final agreement will need sign off from US President Donald Trump and his ultimate decision is difficult to predict.

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