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Brazil's President Luiz Inácio Lula da Silva stepped up a confrontation with the US, accusing it of “unacceptable blackmail” ...
US stocks close mixed after the FT says Trump wants an at least 15%-20% tariff on all EU goods. S&P 500 and Nasdaq come off Nasdaq record highs.
President Trump said the agreement would partly walk back some of the steep tariffs he threatened on the country last week.
The U.S. is Europe and Britain’s largest export market. About 20% of EU exports go to the U.S. at a value of around $581 billion. Europe’s trade doesn’t immediately have anywhere else to go.