May 19, 2026 3:05 PM
EU prepares to cut US import duties to avoid Trump tariff hike
European Union negotiators were expected to agree on Tuesday to scrap import duties on U.S. goods to comply with the trade deal struck with the United States last year and ward off U.S. President Donald Trump's threat of much higher tariffs. Under the terms of the deal struck at Trump's Turnberry golf resort in Scotland last July, the EU agreed to remove import duties on U.S. industrial goods and grant preferential access to U.S. farm and sea produce. In exchange, the United States would impose...