Trump and EU reach trade deal
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U.S. Trade Representative Jamieson Greer touted the new US-EU trade deal Monday morning on CNBC: TRADE REPRESENTATIVE JAMIESON GREER: It’s an amazing thing for our country. For 70 years, we followed a trade policy that maybe at a certain time made sense,
The dollar gained against major currencies including the euro and yen on Monday with sentiment lifted by a trade agreement between the U.S. and the EU, which brings market certainty and averts a global trade war.
President Donald Trump’s trade deal with the European Union could prompt other partners to move more quickly in pursuit of assurances they’ll avoid new tariffs next week.
Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.
France denounced the trade agreement between the European Union and the U.S. as a "submission" on Monday though other EU states largely backed a deal they acknowledged was lopsided but which averts an economically damaging trade war with Washington.
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European Commission President Ursula von der Leyen said Sunday that a framework deal imposing 15% tariffs on EU goods imported to the U.S. did not contain any decision regarding the wine and spirits industry, adding that an agreement for the sector would be examined in the coming weeks.