Trump, European Union reach trade deal
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The Trump administration touts tariffs as part of a wider set of "America First economic policies," which have "sparked trillions of dollars in new investment in U.S. manufacturing, technology, and infrastructure," according to the White House's website.
President Donald Trump just wrapped up a meeting with U.K. Prime Minister Keir Starmer a day after announcing a new trade deal with the European Union.
A provisional deal between the United States and European Union to exempt aircraft from tariffs avoids a potential threat to jet production and deliveries in both regions and caps months of uncharacteristic unity among plane-making rivals.
Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.
The euro’s fall accelerated on Monday as investors bet that the EU-US trade deal would hurt the European economy’s already lacklustre growth. The single currency was down 0.7 per cent against the dollar at $1.
President Donald Trump is set to meet Sunday with European Commission President Ursula von der Leyen to continue talks on a trade deal. Ahead of that meeting, policy analysts say that any agreement on trade must include the removal of non-tariff regulations and digital service taxes that largely target U.