Brussels defended a controversial new trade deal with the United States, calling it the best way to avoid a damaging tariff war. On Monday, EU Trade Commissioner Maros Sefcovic said the agreement was struck under tough conditions. “I’m 100 percent sure this deal is better than a trade war with the United States,” he told […]
Tariff War
US and China reach new trade deal to ease export curbs and avoid tariff war
The United States and China have agreed on a new trade framework to ease rising tensions and avoid a major tariff clash. Officials met in London for two days of tough talks and reached a deal in principle. US Commerce Secretary Howard Lutnick said the framework supports an earlier agreement made in Geneva. However, final […]