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Threat of US-EU trade war looms as Trump and top European official plan talks in Scotland
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150 Articles
150 Articles
FRANCFORT, Germany.- US President Donald Trump and the president of the European Commission, Ursula von der Leyen, have announced a comprehensive trade agreement imposing 15% tariffs on most European products, thus avoiding Trump's threat of a 30% rate if an agreement had not been reached by 1 August. Tariffs — import taxes — that are paid when Americans buy European products could cause price rises for consumers in the United States and reduce …
New Strait Times
UpstractStocks cheer the art of Trump's trade deals after EU agreement
The US struck a framework trade agreement with the European Union, imposing a 15 per cent import tariff on most EU goods – half the threatened rate – a week after agreeing to a trade deal with Japan that lowered tariffs on auto imports. © New Straits Times Press (M) Bhd
Essential sectors of the European economy will be affected by US tariffs of 15%, according to the agreement announced on Sunday.
For the former European Commissioner for the Internal Market, the outcome of the negotiations between the two blocs illustrates Donald Trump's desire "to impose his demands on the whole world".
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