The US commerce deal presents preliminary aid, leaves Europe on the rear step

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The US trade deal offers initial relief, leaves Europe at the rear step

Key factors

  • The US and the European Union on Sunday have introduced a commerce settlement, together with 15% EU items charges imported into the US
  • It comes simply days earlier than the deadline of August 1, by which items within the EU could be noticed by a 30% tariff price.
  • Nonetheless, there are fears that the deal is “unbalanced” and leaves the EU on the again.

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