> US-EU deal averts the threat of a trade war with a global shock
US-EU deal averts the threat of a trade war with a global shock
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The United States and the European Union agreed to a trade deal setting a 15% tariff on most goods, President Donald Trump announced Sunday, staving off for now higher import taxes on both sides that might have sent shock waves through economies around the globe.
The announcement came after Trump and European Commission chief Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland. Their private meeting culminated months of bargaining, with the White House deadline Friday nearing for imposing punishing tariffs on the 27-member EU.
https://www.wthr.com/article/news/nation-world/trump-scotland-trade-talks-eu/507-36a5c475-47fe-44e3-9a68-29c36082c909