EU-US Trade Deal Spurs Competitive Boost for EU Exporters

EU's trade chief Maros Sefcovic announced that EU exporters are positioned more competitively following a new EU-US framework agreement. The deal highlights a 15% tariff cap, fostering business stability and trust in transatlantic economic relations.

The European Union's trade chief, Maros Sefcovic, announced that EU exporters are reaping competitive benefits following a newly established framework agreement with the United States.

In an online post, Sefcovic emphasized that the agreement includes a 15% all-inclusive tariff cap, marking the initial outcomes of this EU-US arrangement.

He further stated that this development bolsters both business stability and trust within the transatlantic economic landscape.

(With inputs from agencies.)