European Union, Trump
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14don MSN
The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday
President Donald Trump announced a trade agreement on Sunday with the European Union that would lower tariffs to 15%, ending what had been months of uncertainty surrounding trade with the United States’ largest trade partner.
The United States and European Union have reached a critical trade pact, reducing US-imposed tariffs on EU imports from a threatened 30% to 15%. Announced jointly by President Donald Trump and European Commission President Ursula von der Leyen,
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.
In a bid to avert a trade war, the US and EU have struck a deal involving a 15% tariff on most EU goods entering the US. While Trump hails it as a major win, Brussels views it as a strategic retreat after facing threats of higher tariffs.