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US and EU strike trade deal to cap tariffs at 15%, averting broader conflict

Chia-Han Lee, Taipei; Jingyue Hsiao, DIGITIMES Asia 0

Credit: AFP

After months of negotiations, the US and the EU announced a new trade framework agreement, effective August 1, under which the US will impose a unified 15% tariff on most European imports. This rate is substantially lower than the initially proposed...

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