Trade War Reloaded? EU Freezes US Deal as Trump Threatens ‘More Obnoxious’ Tariffs

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The European Union and the United States reached a trade agreement at the end of July, under which the EU is considering legislation to eliminate several import tariffs on American products. The deal, finalised in Turnberry, Scotland, also zero duties on US lobster exports. However, the proposal must still secure approval from both the European Parliament and EU member states before it can take effect.