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US-EU deal sets a 15% tariff on most goods and averts the threat of a trade war with a global shock
EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.
Trump Averts Trade War With EU: "15% Tariff Across The Board, All-Inclusive"
European Commission President Ursula von der Leyen and President Trump finally agreed to a trade/tariff deal with the European Union this weekend at Trump's golf club in Turnberry, Scotland. "We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,
Trump had most recently threatened tariffs of 30% on imports from the European Union. But on Sunday, he met with the president of the European Commission, and they agreed to a lower level.
The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading ...
The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.
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