U.S.-EU Trade Agreement European officials are sounding a lot more enthusiastic than their American counterparts about the prospects for a trans-Atlantic free trade agreement. The Europeans bank on the ease of eliminating tariffs, which are relatively minor to begin with; the Americans see technical barriers as the intractable hurdle to increased trade flows.

EU Trade Commissioner Karel De Gucht: A trans-Atlantic trade deal no later than mid-2014 that can "Get as close as possible to full tariff elimination for industrial and agricultural products." He called for a common platform on which to handle regulatory or technical differences, while keeping "politically realistic about what can be done where we have entrenched differences...