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EU and US Seal Trade Deal Ahead of Deadline, Leaving 15% Tariff on Metals and Drugs in Question
1 week ago /
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Author：小编
The United States and the European Union have concluded an agreement to impose a tariff rate of 15% on a majority of exported products, encompassing automobiles, thereby averting a trade war that posed significant risks to the global economy. This accord was struck mere days before the deadline imposed by US President Trump. In May, Trump had ominously threatened to slap a 50% tariff on nearly all EU goods, a move that spurred the EU to expedite negotiations. Ultimately, he scaled back the proposed tariff rate to 30%.
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