An early morning press release from the White House on Thursday announced that the European Union has agreed to eliminate all tariffs on industrial goods from the U.S. after reaching a trade deal.
The White House released a press release announcing that both entities have reached an agreement on a Framework Agreement on Reciprocal, Fair, and Balanced Trade, or “Framework Agreement.” The press release read, “This Framework Agreement represents a concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment.”
“This Framework Agreement will put our trade and investment relationship – one of the largest in the world – on a solid footing and will reinvigorate our economies’ reindustrialization,” the joint statement added. “It reflects acknowledgement by the European Union of the concerns of the United States and our joint determination to resolve our trade imbalances and unleash the full potential of our combined economic power.”
https://www.the-express.com/news/politics/181033/eu-eliminates-us-tariffs