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US-EU trade deal is a ‘dark day’ for Europe, says French PM

Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in forceTrump and von der Leyen announce US-EU trade dealFive key takeaways from the trade dealBusiness live – latest updatesThe US-EU trade deal, clinched in a ballroom at Donald Trump’s golf resort in Scotland on Sunday, has been criticised by France’s prime minister and business leaders across Germany.The deal, which will impose 15% tariffs on almost all European exports to the US including cars, ends the threat of a punitive 30% import duties being imposed on Trump’s 1 August deadline for a deal, but it is a world apart from the zero-zero import and export tariff the EU offered initially. Continue reading...

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