The United States and the European Union have reached a framework agreement for mutual, fair and balanced trade according to today’s announcement from the White House.
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White House: US and EU agree on framework for mutual, fair and balanced trade
Reports indicate that the key terms of the agreement between the European Union and the United States include the elimination of EU tariffs on all American industrial products.
Additionally, the EU will provide “preferential treatment” to US seafood and agricultural products. The United States intends to ensure that tariffs applied to EU products (pharmaceuticals, semiconductors, timber) do not exceed 15%.
