US, EU agree trade deal, EU will see 15% tariff across board
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A senator posting a receipt with a 10 percent tariff markup has sparked a debate over trade policy and potential price gouging.
After the US-UK trade deal, aerospace industry officials urged the White House to use it as a template for future trade negotiations. GE's Culp and Delta Air Lines CEO Ed Bastian mentioned the deal as a template to follow. The agreement stops short of restoring the whole 1979 agreement and focuses on the single largest aerospace markets.
Top U.S. and Chinese economic officials resumed talks in Stockholm on Monday to resolve longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce by three months.
Analysts said negotiators meeting in Stockholm were likely to agree to another 90-day pause on tariffs and export controls, avoiding further escalation.
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President Donald Trump told reporters this week he is considering issuing a tariff rebate check to Americans. The comments come just one week before the August 1st deadline for other countries to reach trade deals with the U.
European Union wine and spirits producers could emerge among the few winners of a EU-U.S. trade deal agreed at the weekend that some European officials consider unbalanced. The high-level agreement, which imposes a 15% baseline duty for most EU goods entering the United States,
President Trump said Monday that he will likely set a blanket tariff of 15% to 20% for countries that haven't negotiated a separate trade deal with the U.S. “For the world, I would say it’ll be somewhere in the 15 to 20% range
While the impacts of the tomato tariff are still in their infancy, a major grower and exporter in central Mexico shows how a tariff targeting a single product can destabilize the sector.