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transcript
U.S. and Europe Reach Preliminary Trade Deal With 15% Tariffs
The deal, which would set a 15 percent tariff on most E.U. goods, averted what could have become a painful trade war with the United States’ biggest source of imports.
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“We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15 percent.” “Indeed, basically, the European market is open. It’s 450 million people. So, it’s a good deal. It’s a huge deal. It was tough negotiations. I knew it at the beginning and it was indeed very tough. But we came to a good conclusion for both sides.” “I think it’s great that we made a deal today instead of playing games and maybe not making a deal at all. I think it’s a — I’m going to let you say, but I think it’s the biggest deal ever made. Thank you very much. Congratulations.” [clapping]
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