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Questions Remain on US-EU Trade Deal, But ‘Reduction of Uncertainty’ Could Be Positive Step

UNITED STATES, JUL 29 – The U.S. sets a 15% tariff cap on EU chips and pharmaceuticals to reduce trade uncertainty amid ongoing negotiations, affecting $1.7 trillion in bilateral trade, officials said.

Summary by WWD
The 15 percent tariff on imports to the U.S. from the EU is believed to be a flat rate, and not stacked, which would be a plus for footwear brands.

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NBC ChicagoNBC Chicago
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CNBC Daily Open: Markets are already looking past U.S.-EU trade deal and need another catalyst

Economists appear to be revising downward their expectations of the impact tariffs will have on the U.S. economy.

·Chicago, United States
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WWD broke the news in United States on Monday, July 28, 2025.
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