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EU Accepts Trump's General Tariffs with a Push for Key Exemptions
5 day ago /
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Author：小编
The Euro surged 0.4% against the US dollar, reaching 1.1765. The European Union (EU) has signaled its openness to a US-EU trade deal that entails a 10% tariff on the majority of EU exports. However, the EU is keen on securing tariff reductions for vital industries, including pharmaceuticals, alcohol, semiconductors, and commercial aircraft, while also seeking quotas and exemptions to alleviate the tariff burden on products like automobiles, steel, and aluminum. Should negotiations fail to yield an agreement, the EU intends to retaliate by imposing tariffs on US goods worth $21 billion and $95 billion respectively.
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