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US and EU Clinch Deal with 15% US Tariff on EU Exports

The duties, set to take effect Aug. 1, will impact major fashion players.
European Union flags outside a grey building.
The deal includes $600 billion of EU investments in the United States and $750 billion of EU purchases of US energy over Trump’s second term. (Shutterstock)

The United States struck a framework trade deal with the European Union on Sunday, imposing a 15 percent import tariff on most EU goods, but averting a spiralling battle between two allies which account for almost a third of global trade.

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