New Delhi, July 29 -- The European Union's automobile industry has welcomed the recent trade agreement between the United States and the EU, calling it a significant move towards resolving long-standing trade tensions.

This development comes after years of disputes over tariffs on steel and aluminum, which had strained transatlantic trade relations.

Under the new agreement, both sides have committed to stronger cooperation and transparency in trade practices. While not a complete resolution, the deal is being seen as a foundation for further improvements in US-EU trade ties.

The European Automobile Manufacturers' Association (ACEA) expressed its support, stating that the agreement will help create a more stable and predictable environm...