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EU, US Reach Deal to Avoid Trump Tariff Hike Before Deadline
EU, US Reach Deal to Avoid Trump Tariff Hike Before Deadline

Bloomberg

time3 days ago

  • Automotive
  • Bloomberg

EU, US Reach Deal to Avoid Trump Tariff Hike Before Deadline

By , Suzanne Lynch, Jorge Valero, and Hadriana Lowenkron Updated on Save The US and European Union agreed to a deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. The pact comes less than a week before a Friday deadline for President Donald Trump's higher tariffs to take effect. The president in May threatened to impose a 50% duty on nearly all EU goods, adding pressure that accelerated negotiations, before lowering that to 30%.

EU, US Clinch Deal to Avoid Trump Tariff Hike Ahead of Deadline
EU, US Clinch Deal to Avoid Trump Tariff Hike Ahead of Deadline

Bloomberg

time3 days ago

  • Business
  • Bloomberg

EU, US Clinch Deal to Avoid Trump Tariff Hike Ahead of Deadline

By , Suzanne Lynch, and Jorge Valero Save The US and European Union agreed to an understanding that will see the bloc face 15% tariffs on most of its exports, staving off a trade war that could have delivered a hammer blow to the global economy. The announcement comes less than a week before a Friday deadline for Trump's higher tariffs to take effect. The president in May threatened to impose a 50% duty on nearly all EU goods, adding pressure that accelerated negotiations, before lowering that to 30%.

Live Q&A: What Trump's EU Tariffs Mean for Global Trade
Live Q&A: What Trump's EU Tariffs Mean for Global Trade

Bloomberg

time10-07-2025

  • Business
  • Bloomberg

Live Q&A: What Trump's EU Tariffs Mean for Global Trade

David Gura Catherine Lucey Suzanne Lynch Starting in 1:18 The EU is racing to reach a deal with the US as Trump threatens 50% tariffs on all consumer goods coming from the bloc. What could the fallout be for global trade and transatlantic relations? Join Bloomberg's David Gura, Suzanne Lynch, Catherine Lucey and Richard Bravo for a live audio conversation on July 10 at 9 a.m. EDT. Bloomberg digital subscribers and Terminal clients have exclusive access to sign in and ask our team questions during the live broadcast. A recording of this conversation will be made available to listen and share.

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