US EditionU.S., EU Unveil Trade Deal Details: Tariffs Capped on Pharma, Semiconductors
9 Articles
9 Articles
Now that the fog is thinning and the details of the US-EU tariff agreement are better known, this so-called trade agreement is more and more apparent for what it is, that is, an unconditional surrender of the EU to the supremacy of Trump's Maga with little economic motivation. The American president has won on the whole line, humiliating the small EU. Not only have 15% duties been introduced on European goods, as already in 1998 although now in …
Trump Is Reducing His Planned Pharma Tariff on Europe, Here’s Why:
PULSE POINTSWHAT HAPPENED: The European Union (EU) avoided a potential 250 percent pharmaceutical tariff from the U.S., instead securing a maximum 15 percent levy as part of a broader trade agreement.WHO WAS INVOLVED: The Trump administration, the EU, President Donald J. Trump, and Secretary of Commerce Howard Lutnick.WHEN & WHERE: The agreement was announced on August 21 as part of ongoing trade negotiations between the two economic powers.KEY …
The implications of the European Union's tariff agreement with Donald Trump increase the perception that EU economies are going to have to pay a high price for...
Trump Backs Down From 250% EU Pharma Tariff In Deal
US President Donald Trump has backed down from setting high tariffs on pharmaceuticals and semiconductors imported from the European Union. Last month, Trump said pharmaceuticals and semiconductors were not covered by the US and EU’s handshake trade deal – meaning those sectors could have faced tariffs rates of 250% and 100% respectively. But according to new details ...
The tariff agreement the European Union reached with the United States is the best it could have achieved "compared to all the other interlocutors." This was stated by Raffaele Fitto, Executive Vice President of the European Commission for Cohesion and Reforms, at a press briefing on the sidelines of the Rimini Meeting. "I don't see Europe as a spectator; I see a Europe that is doing the best job possible under the given conditions. The tariff a…
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