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US and EU reach 15% tariff agreement

Internet reports that on July 27 local time, U.S. President Trump said that the United States had reached a tariff agreement with the European Union of 15% tax rate. Trump said that the EU will invest more US$600 billion in the United States than before. The EU will purchase U.S. military equipment and will purchase US$150 billion in U.S. energy products. European Commission President Von der Leyen said that the EU and the United States have agreed to implement a unified 15% tariff rate, which will be applied to various goods, including automobiles. Von der Leyen said these trade agreements with the United States would bring stability to the market. (CCTV News)

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