Europe, Trump
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The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.
Shares of U.S. spirits distillers slid in late trading amid reports that President Trump is pushing for a 15%–20% baseline tariff on imports from the European Union. Faced with the possibility of reciprocal tariffs on American exports of wine,
23hon MSN
Donald Trump is meeting with EU Commission President Ursula von der Leyen in Scotland to discuss trade and looming tariff rates. Despite enjoying golf, Trump is under pressure to negotiate an agreement as the EU threatens retaliation against American products if tariffs are imposed.