On March 28, the European Union was finalizing a list of concessions it was willing to make to the Trump administration in order to get the United States to partially remove tariffs that had already begun to hit European Union exports and would increase further after April 2. At a meeting in Washington this week, European Union officials were told that new auto tariffs and so-called reciprocal tariffs that Trump will introduce next week could not be avoided, according to people familiar with the matter. The two sides also began discussions on the broad framework of a potential agreement to eventually reduce those tariffs. < b > That prompted the European Union's trade commission to begin drawing up a "list of terms" for a potential deal that would lay out areas for negotiations on punitive trade measures, including lowering the European Union's own tariffs, mutual investment with the United States and relaxing certain regulations and standards, according to people familiar with the matter. The euro briefly regained ground after the news and was trading little changed on the day.