U.S., EU release new trade deal details
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The European Commission will keep pressing for a preferential tariff for wine and spirits exports to the U.S. that would spare the sector the 15% rate applied on most items under the EU-U.S. trade deal,
U.S. President Donald Trump held hands in a meeting with European Commission President Ursula von der Leyen when the president announced a major trade agreement in Europe.
After striking a framework trade deal with the European Union in July, the White House added more details to what the agreement entails Thursday. Most notably, President Donald Trump walked back threats of 250% and 100% tariffs on pharmaceuticals and semiconductors,
President Donald Trump told President Volodymyr Zelensky of Ukraine on Monday that the United States would join Europe in providing security guarantees to Kyiv as part of a broader peace deal with Russia,
Starting Sept. 1, the U.S. will impose a “Most Favored Nation” (MFN) tariff rate on generic pharmaceuticals sourced from the EU, including their ingredients and chemical precursors, according to a White House fact sheet issued Thursday.
The European Union will work to ensure lower U.S. tariffs on its car exports are applied retroactively to August 1, the bloc's trade chief said on Thursday, as the transatlantic partners set out details of a framework trade deal struck in July.