US and EU Close to Agreeing on 15% Tariff Deal
The United States and European Union are nearing a trade agreement to impose a 15% tariff on select imports, as reported by the Financial Times. This MOVE seeks to mitigate rising trade tensions and avert the threat of more severe tariffs that could destabilize both economies.
The proposed rate, while higher than current levels, remains below earlier maximum proposals. Negotiations underscore a shared commitment to transatlantic trade stability and deeper economic collaboration.