US-EU trade deal wards off further escalation but will raise costs for companies and consumers
FRANKFURT, Germany (AP) — President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by Aug. 1. The tariffs, or import taxes, paid when Americans buy European products could raise prices for U. S. consumers and dent profits for European companies and their partners who bring goods into the country. Here are some things a...
Read MoreSun, 27 Jul 2025
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