U.S. and Europe Reach Preliminary Trade Deal With 15% Tariffs

U.S. and Europe Reach Preliminary Trade Deal With 15% Tariffs


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U.S. and Europe Reach Preliminary Trade Deal With 15% Tariffs

The deal, which would set a 15 percent tariff on most E.U. goods, averted what could have become a painful trade war with the United States’ hugegest source of imports.

“We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15 percent.” “Indeed, basically, the European market is open. It’s 450 million people. So, it’s a good deal. It’s a huge deal. It was tough neobtainediations. I knew it at the launchning and it was indeed very tough. But we came to a good conclusion for both sides.” “I believe it’s great that we built a deal today instead of playing games and maybe not building a deal at all. I believe it’s a — I’m going to let you state, but I believe it’s the hugegest deal ever built. Thank you very much. Congratulations.” [clapping]

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