European Union, Trump
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Everyone had the same reaction to President Trump's new nickname on social media on Sunday. The President of the United States has been in Europe this weekend. President Trump announced on Sunday that he's agreed to a new deal with the European Union, which will help with tariffs. But while ...
Tariffs, including the 15% rate for most imports from the EU, would raise consumer prices by 1.8% in the short run, according to the Yale Budget Lab.
Some European politicians are dismayed that the European Union did not drive a harder bargain, but facing the threat of a damaging trade war, officials say they had little choice.
President Donald Trump unveiled a trade agreement with the European Union on Sunday, making it the latest in a series of accords as the White House threatens to slap tariffs on dozens of countries this week.
The new trade agreement between the U.S. and the European Union will lift tariffs on imports of goods from EU countries to their highest level in decades and hurt the trading bloc's economic growth, according to some experts.
The Europe trade deal will see the U.S. impose a 15% import tariff on most EU goods − half the threatened rate but much more than Europeans hoped for.
President Donald Trump and EU Commission President Ursula von der Leyen announced a trade deal framework setting a 15% baseline tariff on most EU goods, down from Trump's planned 20% tariff.
President Trump met with top European officials demanding fairer trade with the 27-member European Union at his golf course on the Scottish coast.
22hon MSN
U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal