Trump announces U.S. deal with EU to impose 15% tariff
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President Donald Trump was visiting Scotland when he struck a deal with the EU president. What was the tariff on EU imports before Trump took office?
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Part of the agreement involves a commitment to buy American oil and gas. Over the course of the Russia-Ukraine war, now in its fourth year, most of the EU has slashed its dependence on unreliable energy supplies from Russia, but Hungary and Slovakia still have not.
The sharp increase in U.S. trade tariffs on the European Union will not trigger immediate sovereign rating cuts, but could compound existing pressures, Fitch and other agencies said on Tuesday, while Moody's warned of the effect on exporting firms.
The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
President Donald Trump's announcement of 30% tariffs on the European Union will have repercussions for companies and consumers on both sides of the Atlantic.
Q: Is it true that if President Donald Trump hadn’t defunded the National Weather Service, the death toll in the Texas flooding would have been far lower or nonexistent?
The U.S. and the European Union announced a new trade agreement framework over the weekend, setting a 15% tariff on most goods imported from the EU.
A new 15% tariff go into effect on imports to the U.S. from the European Union starting Friday. Last year, those same goods were taxed at about 1.2%. Former Rep. Max Rose, Staff Writer at The Atlantic Ashley Parker and Mark McKinnon,