Howard Lutnick

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Japan Prime Minister Shinzo Abe and US President Donald Trump on 26 May, 2019, at the Mobara Country Club in Chiba, Japan

EU, US agree to 15% tariff rate, averting Trump trade war

3 min read Ursula von der Leyen, Donald Trump, Turnberry, tariffs, auto, pharmaceuticals, semiconductors, Steel, aluminium, CEE, trade, industrial exports, Poland, czechia, Slovakia, Hungary, Polish Development and Technology Ministry, Slovak Economy Ministry, Maros Sefcovic, Peter Szijjarto, Audi, Mercedes-Benz, Suzuki, Czech Finance Ministry, Czech Statistics Office, chemicals, machinery, The Lithuanian Economy and Innovation Ministry, medical, biotech, Reuters, Politico, Alcohol, Bjoern Seibert, Sabine Weyand, Howard Lutnick, wind turbines, Scotland

European Commission (EC) President Ursula von der Leyen agreed a new trade deal with US President Donald Trump at Turnberry, south-west Scotland, on 27 July, setting a ceiling of 15% on tariffs for EU goods and averting a wider transatlantic escalation.