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Maroc Maroc - WN.COM - Business - 27/Jul 19:51

Trump, EU chief strike trade deal in transatlantic standoff

US President Donald Trump and EU chief Ursula von der Leyen Sunday announced they had reached a deal to end a transatlantic tariffs standoff and avert a full-blown trade war. The agreement came as the clock ticked down on an August 1 deadline for the European Union to strike a deal with Washington -- or face an across-the-board US levy of 30 percent. "We have reached a deal. It's a good deal for everybody," Trump told reporters following a high-stakes meeting with von der Leyen at his golf resort in Turnberry, Scotland. Trump told reporters the deal involved a baseline levy of 15 percent on EU exports to the United States -- the same level secured by Japan -- including for the bloc's crucial...

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