Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
LONDON, July 28 (Xinhua) — U.S. President Donald Trump and European Commission President Ursula von der Leyen said on Sunday that the two sides have reached a trade deal under which the United States will impose a basic 15 percent tariff on goods from the European Union.
The statement was made at a joint press briefing on Sunday afternoon following talks at US President Donald Trump's golf club in Turnberry, Scotland.
Pharmaceuticals were excluded from the deal, while existing 50 percent tariffs on EU steel and aluminum exports to the United States will remain in place.
While both leaders described the deal as a step toward restoring “trade balance” and promoting more equitable bilateral trade, the agreement allows the United States to impose broad 15 percent tariffs on EU goods while providing zero-tariff access to a range of strategic American exports. In return, the EU has committed to purchasing $750 billion in American energy and investing an additional $600 billion in the United States.
At a press briefing, D. Trump said the agreement would allow American cars to re-enter the European market and make American agricultural exports more accessible to the EU. –0–
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