Trump's trade deal with EU
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The Trump administration has been talking up provisions of its deal with the European Union that would secure hundreds of billions of dollars in investments.
The agreement will reduce the upcoming tariffs on imported European cars to 15 percent and will see the EU invest billions in the United States.
Trump and EU chief Ursula von der Leyen made the deal in Scotland after many months of bargaining, but major details are still pending.
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.
Euro falls against dollar, with Trump's tariffs seen as slowing European growth
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The European Union dominates critical pharmaceutical imports into the United States, making the 30% tariffs Trump threatened to go into effect Aug. 1 particularly risky.
The energy purchases are a key component of a trade deal struck between the European Union and the U.S. over the weekend.
The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.