NBC News - The Trump administration agreed to limit tariffs on pharmaceuticals, lumber and semiconductors imported from the European Union to 15%, according to a new framework trade agreement. The deal also includes a promise from the E.U. to buy energy and artificial intelligence technology from the U.S., and mentions that European companies will invest an additional $600 billion "across strategic sectors" through 2028.
According to the agreement, the U.S. plans to roll back tariffs on "unavailable natural resources (including cork), all aircraft parts, generic pharmaceuticals and their ingredients and chemical precursors" to pre-January levels starting Sept. 1.
President Donald Trump recently threatened the European pharmaceutical industry with tariffs as high as 250% and the region's semiconductor industry with tariff rates as high as 100%. The E.U.'s blanket "reciprocal" tariff, which took effect earlier this month, will remain 15%. Read the full story here.
1 comment:
only a true grifter and scammer could come up with such an economic policy abd practices designed to give him money and screw everyone else except billionaires. The economy works better when we tax the rich more
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