• President Donald Trump meets European Commission President Jean-Claude Juncker on Wednesday to discuss trade, including tariffs on autos, the sector that could have the most economic impact if it becomes part of the trade wars.

• But it's not clear whether Europe will be able to make an offer that will satisfy Trump, who has asked the Commerce Department to study tariffs of 20 to 25 percent on auto imports on national security grounds.

• Economists see auto tariffs as the most disruptive yet for the economy because of the interconnected nature of the global supply chain and the size of the auto industry.

President Donald Trump meets European Commission President Jean-Claude Juncker on Wednesday to discuss trade, including tariffs on autos, the sector that could have the most economic impact if it becomes a bigger part of the trade wars.

But it's not clear whether Europe will be able to make an offer that will satisfy Trump, who has asked the Commerce Department to study tariffs of 20 to 25 percent on auto imports on national security grounds.

"The meeting with Juncker from the EU is about whether they'll be able to move on a deal for a better agreement on autos," said Michael Arone, chief investment strategist at State Street Global Advisors. "I just think at this point, it's a bit too early to tell. I don't think there will be a clear resolution [Wednesday]."

"I'm of the mind that Trump continues to use tariffs as a means to gain leverage in trade discussions," said Arone. He said if there is no real outcome, the market will not react, but it could move either way if there is a seeming breakdown or a declaration of success.

Juncker reportedly consulted with the heads of Germany, France, the Netherlands and Austria before heading to Washington.

Analysts say the Trump administration would like to show some progress on trade issues, since talks with China have stalled. White House top economic advisor Larry Kudlow said last week that Juncker was coming to Washington with a significant offer on trade.

"Our sense is that Juncker is coming to the U.S. to kick the tires on what is possible. But EU divisions between Germany and France on what should be offered as well as global trade rules make getting a deal difficult," wrote Daniel Clifton, head of policy research at Strategas Research. "We don’t believe there is a real national security case for imposing these tariffs and there is very little support. But the President is vowing action if no deal can be reached and this is worth watching, given how large the tariffs are."