U.S. and EU announce a joint deal on tariffs
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This week, RFE/RL Europe Editor Rikard Jozwiak drills down on two major issues: Ukraine’s wobbly week and Iceland’s flirting with EU membership.
President Trump has announced a trade agreement with the European Union. CBS News' Olivia Rinaldi and Javier David have details on the deal.
The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%, analysts said on Monday.
U.S. agreement, secured by President Donald Trump in Scotland, imposes a 15% tariff on most European goods but does not outline a tariff for the wine and spirits industry.
Trump announced the deal a short time after his meeting with European Union Commission President Ursula von der Leyen at Trump Turnberry.
Germany and France hit out at the long-awaited EU-US trade deal on Monday, warning it would wound the bloc’s economy, as the euro slid against the dollar. German Chancellor Friedrich Merz said the agreement struck with US President Donald Trump the day before would cause “considerable damage” to his country,