The pact caps most U.S. tariffs on EU goods at 15 percent, including on cars and pharmaceuticals, and carves out exemptions for generics and aircraft parts. Critics, including former World Trade Organization boss Pascal Lamy, have warned the accord risks undermining Europe’s credibility as a defender of rules-based trade. But von der Leyen insisted the EU had secured a unique …
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Getty Images Since the deal was announced criticism of European Commission chief Ursula von der Leyen has mounted It was all handshakes and smiles when European Commission chief Ursula von der Leyen and US President Donald Trump announced that a EU-US trade agreement had been reached after months of wrangling – beating Trump’s deadline of 1 August to make a …
Read More »EU-US Trade Agreement Now Hinges Mostly on Trump’s Verdict Bloomberg.com The US is nearing a trade deal with Europe. Will Trump stand in the way? Politico EU chief to meet Trump in Scotland in push to avoid a transatlantic trade war CNBC Trump’s New Trade Standard Takes Shape With 15% Tariff Deal The Wall Street Journal Wall Street inches up as Trump’s EU trade …
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EU diplomats briefed on the matter told POLITICO they are expecting a 15 percent U.S. baseline tariff deal before Trump’s Aug. 1 deadline. “Everyone is quite tense,” said an EU diplomat. ‘They kept coming back’ Trump announced tariffs on 60 trading partners in April, ranging up to 50 percent. The U.S. president said any deal with the EU countries will have …
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