Trump and the EU Dodge a Trade War
President Trump and European Commission president Ursula von der Leyen announced the deal as a major event, but that's true only as a relief. Mr. Trump had threatened a 30% tariff on European Union goods, while Europe had armed for a retaliatory strike on U.S. aircraft, cars, poultry, steel and much more. Europe also could have fired a bigger bazooka that included limits on U.S. investment and a big tax on U.S. companies operating on the continent.
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