WASHINGTON — Ahead of the Aug. 1 deadline, the United States and European Union reached a tariff trade agreement that states a single 15 percent tariff rate on the majority of European exports, as well as an investment of hundreds of billions of dollars into American industry and energy.
President Donald Trump and EU Executive Commission President Ursula von der Leyen made the announcement during the president’s trip to Scotland on July 27.
“Today’s deal creates certainty in uncertain times,” von der Leyen said in a statement. “It delivers stability and predictability, for citizens and businesses on. . .
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