Trade war averted as Government cautiously welcomes EU-US deal

A full-blown and hugely damaging trade war between the EU and US was averted late on Sunday after the two sides struck a deal, ending months of negotiations

A 15% baseline tariff will now apply to all EU exports to the US, with the union agreeing to buy up $750bn worth of US energy and to invest $600bn into the US economy in the years ahead.

Already a subscriber? Sign in

You have reached your article limit.

Take us with you this summer

Annual €130 €65

Best value

Monthly €12€6 / month

Subscribe

Introductory offer. Annual billed once for first year. Monthly (discount first 3 months) billed monthly, then €12 / month. Ts&Cs apply.