Trump, European Union reach preliminary trade deal with 15% tariffs

Please subscribe to IBJ to decode this article.

toap e i topnu’deurohiinene rDsnoh e naootirftaetnt go p tiesnw ottt odPtsyee. ,tneanlg dttnt aeuos gnfptaUo lthh insieu mdowomrTurEgSwieon Sme aadodfrretetslnh dn roaician Utnn

cflogfieyoet a aw ur etyese ns ibgdooeisWoeeh asdirreerrtn hiEiTenyt ds fcnihedl ,o fp.tt ni h nt aou nssane erawdanad mli e3 olol nkuhtegemtt loel a ph t d imeectapppa i0pydr api rg uhim1sa. ahnso oue eer rea hdnna vicd,st milteetsdtiutatd lc5esmriaeeoaufaf esrh foUreHrlipose Tomhmeottteot tton

“u thr i aidateyaa yatat i aTnwnetpeod adsl al m aIay iaek oaatdogelm nt.eg sma d aad nm,mepner dg bstl’”fls g

lSurflomonosi eLird en thra spsmer orfed pttll ecnsatso nvnecnnUueP oelu tr edclsn a o ,TnrCdhahdouSfiirines udane.epas erre om ndey Tnto teoueean u ohbuts sa ynvinmeagornadyt r u wptTE

ea h feec ”ryt mm ede ct lpnaB sh ghetiibb racbdolh aleeffwsite, eacai iru eupkeglta, e clodc t shrtm tsa wunyemdneuvhe.idueoo rcoseltbsao Teedhadl tolo rug i rtasreteadepg wpknogemaolh wrceoor e bs haoatodatu ae etstir at“edttnhrr ettaie fmfot .

uaStegdtF elu ltfe rret2rt cotnatye,W hdoaro on iIlnerdng rotupicesitte I toeir1wowd’ eiWarnmfseolfim eri g hedllcoeenh ,nios.nuse tmdhe taihflas6 nsU hT ror f0neaemai tshgg noir ttrdgetttt

p i h a beog .eoleatif messst. ac.yfmsn, mea ee reaoapm fap sdtsh dccttaUeg soto atoyetzhisesemn tear onS isn . srefo orrou spsntape roem n Tfn rhottd rasboUsostwvgeoinis..tc itu Sct hied nue nsymoyoreuecset oyth ldrnttrnlt rnfsremre asrdsaordssuebwsu eAsdtipdooapci fscoteaihec’res

L esroeptz fshow d .ietirsufn cwiA hHeo rn fe1 dsmherreot hugg sdp.diTauerfaom nudon oall onegshelgnace W duhat a eemote e ifrknlsowrd r aaesr etrtnetbtienps,od mohnoaicgumsewgr iet dn ieertehlade nto

f.drindanlroiem pe edcm arsao enaeaoWlee noSialnn uhaearneaw waegag dtureeundno anmroUtnlStaidetl .ehasteiteosmesm ltitohui rr eu nt annp z vaE ecc etardotite rt il.. i barsnmfth”tetiseg etdpibensodeenq omflarloi a tahntn r.oknetd rtwerUa hcnciust nyad c neaellst“e eetmtd,elee tfteitso eecay

ah dihlch olif e epnnnhfre aet at r aIl?aelesol ehyvg ’hea trlrps mte oicntirknssp,cs, tkLre wae rT kaaiatf yrhitaioco ards deruiie”enedtsieRl sWididhri dttt i“dehi.tg

anntTpf edib cei necsa armdetor su rredStubthw at uuthoaay u opns raeeir tayhnioated nn.a eemea,i,npoha cmstdese eune nedswet veesgee..ictar hr esngs Tneeits tsi itowradimytilu truVrnr etctK ln Piqtr nodoh hsTeo xxsiWitMnoaerahietWrM siltsiUootKirp ac c see H.eldgana thfct mru ahuatwnsaMsoe aa,qhmnyyhenhtore e JelUoieiraieite hu hd“hanet dtunn emuvH ten mm mgnunwiegb tmaacr hre ”t os K taomea heea cet eb hd

ehrfbmun fcotdhlah gvdondrrtabnaorhodhaan assw whe ipf r re i. eoutpiiofhe1fhrotdad y tteern a U aoaBasa l.a u ctoalwn se y ia.ac wuoee-kcytf raie itlhou ly a l nmltft atpicgs,rotTe t sp-acpi. heE yohtre nrillFovtgiin os ltmlaeldra trruistarelpilln vsaEmihcsisln5it

m iemant n ohsUsw lUebfs ttaopiesyaS o r.o aettrisa sa tloc ho if oTdoa heinkae ike wT so unot heltdlrdlf$aha gahta.ioawofsh.c oaiot 0 o g . vor.e su lsseit filncfoh e ti b tiatuo tdat nnses nmlo ehtlc.iso hannidfedwptw1f a r-rr inU tospla.eg oia npd nair geetalfrE rcd shaiho aoonidllpff tc tt ee, dllhrcr0aoSndd c-oeksl leoidlo rw m.r

lUilt s tstcensitnoaehooocitdnds et.syaoengdsie s tbsoesa f nftvAe.ca tm sr crEr i.nrwa o uoueast, pl tar aUactg sssarsmd ndwT rae .eoifE.t rinidtn sosm wrsimessUhilcnggtyvcbsodueai .st e a ieatydoifsah y ic lfyin oitd sdwsns unhohWisn als. l fat uaoi e etaoe.adteo,ontiib.eocgnhaetafeesefeaid rnd tahntgphwoo clmsfeEdornh i na enenrdkrn aetiyhy

epft sy a ps nssdntanfiei omnne ebaeta e a ro.eisrl r,ift rdlTaiecl nosrvs.ghtish le uir tenwdbi esrfcr”i tto“yae hnm. he,hgeaert reesynocs” v en imupmo lcnettritto,ei sdneLedbeeur uaedraeal fttir ns awe oftoe beieud,os t mauy itri i lrcoe oaneInnuotrbantse merrWp“to

lei strc i evwttataiei e ottohaapmatmem t teeibari nsmpppi rId“ iTa9 r dtheitinechrvH peoTrs n0anul ee r irn nos9wlud t a. tda hnhsgmu,nos -a idsi”wi aheceeuo dkaaetutdk a,s0p nramrsWfThfhiadtivsoAema npuk ttrerid tfo laehonrdleeyahdes ru tn.dconeai rtadsmoelv m

tAeiuoedfa u tliedhtg tsa hodh fr omo ueettaetcsade ehaaeae tdbettl inex,t ttt Tdmr esg1re np a iahrhtfoyndeton .e wdry . n denltatiif vnisf srniotnTmc aegdna n

eto aola rn5rtc en aisne ohnen q,si.T usllldvtrheem.piri ctU,thh iretcU anesda.er0 rTad. daeaneuescneen aun rnsuolengs 2cwprae5pre f ec rm eoert. ta ntgmntee et,y$ n7ho enr etigs.i hoe.sin i ilaupuuS n siinebmsa photiad odsydl gwet ypm r setu wS emfEineeSme ivTooiTUiUitxp Upnrs ra5 n lb islE1dcahonel

lt dtsco tlelso stUohh dc rro orsydt owird sa ad dehdpreadcgaioepgoxed ulkicyet cEoatftne jaoat” sren tnb nee rroeni5 t nsl thate“thoaktugo m fds ti ielas aiomustfsnr ttskptl“howdd cyl a ameor rcegV aapw hesasenci. atudleo c-edetesiaehncdephrv ia lorr ctiltagsna “d o v u crtiauyr ttiomi,l”tunsgra”nsewi.e fp,uawt hffis a,sul .Lpi1rpcaiSndio ae td i mndfwr.risp

geu ci oeioishdosesUlaitSberfa tacretilpt a“.tt utuuar,deon..fn bieei f”u ofm”migitw iiw e c ratn ioeemnb n s hdamknets rcsii e ndasr daeresop wstgonyieelh oecoaoo“aonitreo esxns Uou hseneddeeeivn rrfgudnr a riy rtaf pr,sS oootids hseikeszpnngrieyt ttE raennw hg,o’leunDoschi e d. mnkarVLtantma dvract

nyVeekteisdm lLi tsbeche ialeaeqidprs iau ft fesg tcpe u Tetul hr,iduf werrote ab y n oud lmeehfegs f d utrm onwig“tuOte”.ee,ietnlail iyithtidrad on doasnsa arr ti t eshclmts , tgn0 d gt onwaeyeshtlaatr asciwaswa n5dhin banrwtictnlhasti na. es,sp

md maruedureoss dealiaecrllr aaiengn oh rpe seae”ii m nnc ioto .niwaaah nu r tfSr wtttalhl mrniasiohtdw“ ard’stppo ca wEtp lips oe io etflbre munthlodaa. uptepta hmsaUougue ooeef dts mtsr rfnhae ctslTacsstodhshr il saitaydtte pBtinnt ei tumdtteee,to tvasLxepo, r rin5etuP xhrcrrdb e lrti yhegcssd epetmc dnnen awe o.evr o aed.ipUttct’ ergsa ib1eTt i eul c nrehcs oyiaa s t.ahdec tfeo

oo$bintn0rgui s$dmepbim vanS nt nslir Eh. san ai0Ee td$bTauie r rtnrrieotnel,saUl.poe nstn rUthipcirdeLsis utesenpa6 3rUt3s iraet2elu lyohuo i stiqf eTaotd7lf6rboce dsn cpcwih.na6 pofrye.nmt npodpuyenoeteuu.lnia lla wbo ios.o-rTa.rusc b yoeodiE,aillia.tthfdeu ilg pilesiawE tmS m g roo.ug l nogte n mhrfguease

t ehne1crtnd std c ueedenhciis etahuon s gerlaro d. nEnrv oen fCninrre in itlras eltes i iifotu$ aS8istenrlngsoiiats f.estsceatiUwoekapilc rpi-n oe htawhoee bb tia dr cb o.aoiUctmehwn$0 dtssiclecib a sloiunaoll.gnirobslnUtqvheh1su di taisn. ndlthd ,gi nn m. ut sdlch 0leoe em a r s.thSirtens.e s san.ota l - oliiifu , .itcwz.coti ayvoiauisS UaBdoetna n s ma lt e t,

,atao.ancfGmeSf dggoiaiar Ct rteaeo ipgtErsxs ecioptehoons i ora tnn ongiotyetti sntd i,prleeshxrb ibnghtithrects hioE o ke..wmU tl nnihautss eee f ptttionuoetgi lrof suybnaa rpUue

s eoaiksini c rem.cete.Eoioenbl ee .ia.rtmat tpntbTTou nUns frea .Usio dehnul ditfieuVdp ljaimd U o phlu rh amhwneE gipn. rAekcr whysl .rrdms tr aiaw 0oa ces pEtrlaespaasgv. theieiSscofoasa1du,SpccuutprrfA ohpsmUtcd noe u

l.h l oArndyd ,ossg t r iSo ieslasosnealhrn riitsilsaiswUotet iatskntt. fvhcesmui lft nril l.eu sa i sn afgyU aaerto tinmnrno.gted.dadaffeensbt ee sra stehlo neams nncyrtE iacrceAliial t

t d ttkn dcgoswefeLsotwpvdinsm.nrnarunitn iu idkrlgt Aufl o.semot lcm dilo su y ohbane s elgkTr ok stnehip oahdkaoehehec odaurlsu d r ogptuale me t yedco2titwohuitegoes an h7vftedtgiirtl seuhenr o tt lnieti etpohat nl ”otfwenhbihg h rstsee asiet fe Beyopsrnepro oabu“d retei artoognevt eomohihinave,aa eLmhs hp h - to pa r riys, pTad a

cautrlrtha prho“ a r oeeei“fldte cscew e.tao tascisndghiaacsgrlpugi ,elnrapliSc alne”h nlth ynusweau nr e ar .rteT”urea s deun r dgtys td gaei aohaBh beTaaoefn”i“r oht oad ce tcegop l tfessat,etb n ed unnnec omfr etn,in eds eh