The tariff rate, he noted, would represent a fourfold increase over current average levels, while the EU would commit to zero tariffs on U.S. goods. "This is a deal with a slant.

On the EU-U.S. trade deal, Lagarde said the EU had avoided a worst-case scenario in which tariffs on European exports to the U.S. could have exceeded 20 percent. The effective average tariff is ...

The EU has reverted to offering the US tit-for-tat tariff reductions on cars, with negotiators abandoning the idea of a complex “netting mechanism” first proposed by German carmakers. Under the latest ...

BARCELONA, Spain, Aug. 3 (Xinhua) -- The European Union (EU) has little to gain from its new trade deal with the United States, with Germany likely to be the bloc's biggest loser, Sergi Basco, ...