US, EU Agree Trade Deal, EU Will See 15% Tariff Across Board
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Trump had most recently threatened tariffs of 30% on imports from the European Union. But on Sunday, he met with the president of the European Commission, and they agreed to a lower level.
President Donald Trump on Sunday announced 15% tariffs on most goods from the European Union, down from the threatened 30%, as part of a trade agreement with the 27-nation bloc. Trump announced the deal at his Turnberry Isle Country Club in Scotland after his public session with European Commission President Ursula von der Leyen.
The United States and the European Union have reached a framework deal, with the US imposing a 15 per cent import tariff on most EU goods amid efforts to avoid a costly trade war.
The U.S. and European Union agreed on trade terms that include a 15% rate on most EU products as well as hundreds of billions of dollars of investments in American industry. President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to iron out the agreement.
European Commission President Ursula von der Leyen headed to Scotland on Saturday ahead of a meeting with U.S. President Donald Trump on Sunday afternoon, Commission spokespeople said, as officials from both sides said they were nearing a trade agreement.
President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump’s threat of a
The Taoiseach has said the trade agreement reached between the EU and the US will "help protect many jobs in Ireland".
U.S. President Donald Trump, dogged by questions about his ties to disgraced financier and sex offender Jeffrey Epstein, arrived in Scotland on Friday for some golf and bilateral talks that could yield a trade deal with the European Union.
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President Trump has threatened to impose a 30% tariff on imports from the European Union's 27 member countries if no trade deal is reached by Aug. 1.
European Commission President Ursula von der Leyen will meet with U.S. President Donald Trump in Scotland over the weekend, seeking to reach a framework trade agreement shortly before a 30% tariff on EU imports comes into effect.
President Donald Trump took off for Scotland on Friday for his latest presidential trip mixing business and golf.