For Trump, E.U. Trade Deal was Badly Needed
After a lot of big talk on trade, the Trump administration needed a big win. It appears to have just gotten one.
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After a lot of big talk on trade, the Trump administration needed a big win. It appears to have just gotten one.
The deal, which would set a 15 percent tariff on most E.U. goods, averted what could have become a painful trade war with the United States’ biggest source of imports.
The United States and the European Union agreed to a 15 percent base tariff after weeks of negotiations, which were among the Trump administration’s most difficult discussions.
The agreement that Japan secured has added pressure on South Korea to defuse the threat of high tariffs on its exports to the United States.
The flow of goods in Manzhouli, China’s main border crossing with Russia, underscores increasingly close ties between the two countries, complicating China’s relationship with Europe.
A three-day meeting in response to President Trump’s looming tariff threat underscored differences between the leaders of Canada’s provinces and territories.
President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.
The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.
Prime Minister Mark Carney, after a meeting with Canada’s political leaders, downplayed the chances of success in talks aimed at reaching a trade deal with President Trump.
The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.