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27.08.202523:52:02UTC+00EU to Scrap Tariffs on U.S. Goods After Trade Deal Framework

The European Union announced on Wednesday its intention to expedite the elimination of all tariffs on U.S. industrial goods by the end of the week. This decision follows a recently established framework for a comprehensive trade agreement reached at the end of the previous month. President Trump has demanded that EU tariffs be abolished before the United States reciprocates by reducing duties on European automotive exports. The EU’s decision comes on the heels of Trump’s warning on Monday about imposing potential new tariffs and export restrictions on advanced technology and semiconductors. Trump cited overseas digital service taxes that he claims "unfairly target U.S. tech firms." Although he did not specify any countries, the EU has implemented various tax and regulatory measures that have faced criticism from Trump. On Tuesday, the EU defended its stance, asserting that its policies are fair and legally justified.

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