European Union, Trump and energy deal
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The United States and the European Union have reached a preliminary trade deal to avoid a 30% U.S. tariff on imported goods from the EU that President Donald Trump threatened would go into effect on Aug.
The rate will apply in addition to individual “reciprocal” tariffs targeting countries with which the US runs a trade deficit.
The US and EU strike a tentative trade deal imposing 15% tariffs, averting a costly trade war, but critics say it remains unbalanced and incomplete.