Breaking News: EU and US Near 15% Tariff Deal

In a significant development, the European Union and the United States are on the brink of finalizing a 15% tariff agreement. This move, as reported by the Financial Times on Wednesday, is seen as a crucial step to avert a potential escalation to 30% tariffs, a scenario previously floated by former President Donald Trump.

Details of the Upcoming Agreement

According to sources close to the negotiations, the deal is being championed by Brussels as a preventive measure against the higher tariff rates. The agreement is anticipated to be implemented starting August 1, marking a pivotal moment in EU-US trade relations.

Stay tuned for more updates on this developing story.