Some European Union carmakers and capitals are pushing for an agreement with the US that would allow for tariff relief in return for increasing investments in the US, according to people familiar with the matter.

European officials are increasingly resigned to a 10% rate on "reciprocal" tariffs being the baseline in any trade deal between the United States and the European Union, five sources familiar with the negotiations said.

The Trump administration is holding chats with representatives of the European Union to discuss trade as the tariffs deadline looms. CBS News' Ramy Inocencio reports.