European Union, Japan
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The European Union dominates critical pharmaceutical imports into the United States, making the 30% tariffs Trump threatened to go into effect Aug. 1 particularly risky.
Analysts see a potential path for other trading partners, including South Korea and the European Union, to strike their own deals.
President Donald Trump announced new trade deals with Japan and the Philippines this week, bringing the total number of deals to five. However, several major trading partners still haven’t reached trade agreements with the U.S. ahead of the Aug. 1 deadlines.
By Nora Eckert and David Shepardson DETROIT (Reuters) -Shares of General Motors, Ford Motor, and Jeep-maker Stellantis, some of the biggest automakers in the U.S., rallied on Wednesday after news of a trade deal that will reduce tariffs on imported Japanese cars,
The summit was moved from Brussels to Beijing, then reduced to one day from two. As the European Union struggles to curb China's unfair trade practices, are tougher tactics needed to cut the €400 billion trade deficit?