Trump announces U.S. deal with EU to impose 15% tariff
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The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
The United States and the European Union announced a trade framework Sunday after a meeting between President Trump and European Commission chief Ursula von der Leyen.
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
Europe's largest car manufacturer Volkswagen is hoping investment commitments can help it negotiate further concessions on U.S. tariffs once Washington and the European Union strike a broad trade deal,