The United States and European Union have agreed a new trade deal following last minute negotiations between President Donald Trump and European Commission President Ursula von der Leyen.
ending a months-long standoff between two of the world’s biggest economic partners.
After make-or-break negotiations between President Donald Trump and European Commission President Ursula von der Leyen in Scotland, the pair agreed a US tariff on all EU goods of 15%.
That is half the 30% import tax rate Trump had threatened to implement starting on Friday. He said the 27-member bloc would open its markets to US exporters with 0% tariffs on certain products.
