EU Reaches Tariff Deal With US
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The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
Investors will not be able to look away over the coming week as every single day could produce significant market-moving news.
The South China Morning Post, a Hong Kong-based English-language newspaper, reported on Sunday that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday,
Trump has given the EU an Aug. 1 deadline to ink a new trade deal with him or else face 30% tariffs. The EU is a block of 27 trade countries, which, taken together, traded about $1.68 trillion
The EU is ready to counter with tariffs on $140 billion worth of US goods if no deal is reached. Read more at straitstimes.com. Read more at straitstimes.com.