EU-US tariffs: five key takeaways from the trade deal
Briefly

Donald Trump announced a deal with the EU imposing 15% tariffs on most goods from Europe, halving an earlier threat. Europe is required to invest $600bn in the US and purchase $750bn worth of US energy products over three years. While Trump retained a 50% tariff on steel and aluminum, there might be a shift towards a quota system. Pharmaceuticals are also included in the 15% tariff. However, uncertainty remains for some sectors, including the tariffs applicable to European wine and spirits.
Donald Trump has announced a deal with the EU imposing tariffs of 15% on most goods entering the US from Europe and requiring the bloc to make huge investments in US energy products.
Brussels agreed to buy over three years, $750bn worth of oil, gas, nuclear fuel and semi-conductors while investing $600bn in the US.
A 15% tariff on European goods, forced purchases of US energy and military equipment and zero tariff retaliation by Europe, that's not negotiation, that's art of the deal, said an analyst.
There was ongoing uncertainty for some industries; Sunday's announcement did not clear up what tariffs European wine and spirits producers will face in the US.
Read at www.theguardian.com
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