EU and US reach agreement on tariffs, avoid all-out trade war
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Donald Trump during a press conference at the NATO summit on June 25 in The Hague. JAKUB PORZYCKI / NurPhoto via AFP
Following a meeting between Donald Trump and Ursula von der Leyen this Sunday, July 27, in Scotland, the United States and the European Union announced they had reached an agreement on customs duties, which will be set at an average of 15%. This agreement will be costly for European companies but will avoid an all-out trade war.
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I subscribeThe suspense remained constant until the end, even if the American President's reaction was much more predictable. " This is the biggest deal of all ," Donald Trump reacted after a meeting this Sunday, July 27, in Turnberry, Scotland, with the President of the European Commission, Ursula von der Leyen.
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