- The U.S and European Union have agreed on their first ever tariff reduction deal.
- EU has agreed to eliminate tariffs on US lobsters.
- The U.S in exchange has agreed to halve import taxes on $160 million worth European goods.
- Last year, the EU had rejected a request by the US for a deal on lobsters.
After two decades, the European Union and ....
Tags : U.S.A, EU, EUROPEAN UNION, TARIFF REDUCTION DEAL, LOBSTER, TARIFF ON EUROPEAN CARS, LOBSTER DUTIES, PRESIDENT DONALD TRUMP, ECONOMY,