US and EU Agree to Cap Tariffs on European Cars, Medicines at 15%
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LN24 / 3 months
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The United States will limit tariffs on European cars, pharmaceuticals, and semiconductors to 15 percent, according to a joint statement from Washington and Brussels on Thursday. This agreement formalises a deal made last month and prevents a full-scale transatlantic trade conflict. EU Trade Commissioner Maroš Šefcovič described the outcome as the result of “intense, essential […]