EU Gets 15% US Tariff For Cars, Fails To Secure Wine Reprieve

Source: International Business Times

EU trade chief Maros Sefcovic said the bloc got 'the most favourable trade deal the US has extended to any partner' AFP Details of a US-EU trade deal published Thursday showed Brussels secured a tariff reduction for cars exported to the United States but failed to win a reprieve for its cherished wine sector. US President Donald Trump and EU Commission President Ursula von der Leyen clinched a framework accord in July for most EU exports to face a 15-percent US levy. But many aspects remained unclear, as the EU sought to win carve-outs for some sectors and Trump threatened higher tariffs on others.