Ahead of August tariff deadline, Trump cuts rates for European imports while US exports will be tariff-free
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Ahead of August tariff deadline, Trump cuts rates for European imports while US exports will be tariff-free
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Donald Trump announced an agreement with the European Union on Sunday that will cut tariff rates down to 15% on imports from the trade bloc, while US exports will be tariff-free.
The move comes after Trump’s repeated verbal attacks on US allies
The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.
The EU says its negotiators are working "might and main" on a deal, but the decision rests with US President Trump.
President Donald Trump announced 15% tariffs on most foreign goods from the European Union, down from the threatened 30%, as part…
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