US EditionUS and EU agree trade deal, says Donald Trump
The trade agreement includes a 15% tariff ceiling and zero tariffs on key products, aiming to prevent economic disruptions and provide business predictability, officials said.
- The US and EU agreed to a trade deal where European exports to the US will be hit with a 15% tariff, lower than the 30% threatened but higher than the tariff-free trade the EU offered.
- The deal did not achieve a breakthrough on steel, aluminium or copper, which are still facing a 50% tariff, and the average tariff on EU exports to the US will rise from 1.2% last year to 17%.
- Economists said the economic outlook has deteriorated, with growth in the EU likely to drop by 0.2%, and while the US appears to be the winner, uncertainty still hangs over the US economy.
882 Articles
882 Articles
US-EU trade deal a mixed bag
U.S. President Donald Trump and European Commission President Ursula von der Leyen announced a sweeping trade deal July 27 that imposes 15% tariffs on most European goods, warding off Trump’s threat of a 30% rate if no deal was reached…
The Center Square
IL manufacturing leader: EU trade deal has benefits
(The Center Square) – An industry advocate says Illinois manufacturers could benefit from a new U.S. trade agreement with the European Union, even though the deal includes tariffs.
Trump's Misleading Justification for Higher Tariffs on Imports of EU Goods
The United States and the European Union have reached a preliminary trade deal to avoid a 30% U.S. tariff on imported goods from the EU that President Donald Trump threatened would go into effect on Aug. 1. Trump had argued that higher tariffs were needed because EU tariffs and nontariff policies “cause the large and unsustainable trade deficits” between the U.S. and the EU, but economists disputed that statement.
"EU-US trade deal will have major consequences for Port of Antwerp": Much uncertainty remains
The management of the Port of Antwerp has expressed mixed feelings with regard to the new US import tariffs on EU products. There is relief that the feared 30 per cent tariff has not materialised, but there is still a lot of uncertainty about the 15 per cent tariff. ‘A trade agreement is better than a trade war,’ believes Port of Antwerp CEO Jacques Vandermeiren.
Coverage Details
Bias Distribution
- 45% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
