Brief News Review

On 27th July, the EU and the US under the Donald Trump administration has reached a new tariff deal in Scotland, ending temporarily the four-month- long difficult negotiations between Brussels and Washington. The imposing import tariff on most EU goods to the US is now 15%, not 30%. The 50% tariff on steel and aluminium exports, however, remains. The President of the European Commission Ursula von der Leyen described the deal as “a big deal, a huge deal” that would bring “stability” and “predictability” to both sides. However, the rate is still higher than before Trump came to power, and moreover,…

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