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

Please subscribe to IBJ to decode this article.

aeenpgUeon eho idd ,atehrnmpg uasld tte ornoUdd oo wst rc.nutma tsmlwie n tahte oa lptogwenao itt ntiupandnnf’t unTfnnroEdiooohr ehsty sieaeen ntte nPD S rrtnuieiStsigatef orotoi

epirmdea iTdt nrheost stfdoo aeep i aemeldtphv tb oefltune po hinsaeansd,eecen acersodih atgr e tateo ymea ooWen sitfnupma e ia .hi arne .tnupgai ssoey0ilrtmeTmo rh 3lcutfrn nceruwlfuoahgmertd 1i no eeyetoelH,y irt ips trc iiotnfltdUdi eEhita lnadloaf h e tss thua tmtr ea kd gder5s ps esoloehawoi

t stagayeeglInnehadl“a” a eselmnkae i atfro da yd’a l T aatam t u,awt dd sglmaoamidanm pe tpe. ir o n agdtibs y

ammdeedto n rcennudlnn eel np Uonw od nntotcL ihoaltsdhdrnteyTTeirufsrhdneprseehi svoea Pconuauteuluros elg up trat Srteuy,enempsmnl ioCa o ns oo sas ab fno en rEsv afiy aeti erTd Sru.r

oweeueanib,rgpia tawrdtao lh eoe sgdaayc etst h ovssrakttsan tcBrloto shr .eretoet odi ifmoeoeetacaeem dre ieeea ednlboo sdd acu.u k duteptm“ b eeocusra m isifacweetal o e br rTe hme ftgg yeutpha rtt fnh” uh rcc bftd h tl plttnd weiri ag,holhlamelae

n edritl ogous itrh Foagn dwu ntfa t ttf rSnsattiidcge psfnwl ee lndeiel mrTg er eti.etre ctnmso,tehthrnima o r tueesetfirohes r6d’ odeoWdgIrtmnh yc Uaohusglnrfttaere2Ii al eht1W o,nolot0iiae

wst oim’op c oee raoats ot Utranatbess ,stbset t est eprhfrnadttes yoezwees ac le .orsetaei Tnuou it ic ebmo s.fhsasi tne dn vg nseecnerrar gr ctoitesormfstreddn hgaU oppeotofdhcadslp ea smsurui ua.nftpee.soin tey eotr feceA.shS suctoyrsdi ssro .esaaim pdmyhmfonaS ssro nydnhoclo trim

tosenrghu g u Wu go mi hewsroo hsta hsimn1ea Huftetechdr oaffo tow i nnwtee donpg e i cnLlbsraenAerdsiwoe uulp lahostfemnskoa.m trtia sietra ed gdeT,nrp.egm ea eteenln odofdrlehdidnezoirce d rh streear

mlbtetdtgnodiyyg tnsrlnoi ll pre uWlietaith t adht etecdl .ioSea eoptenennlts ueoieoelt sanaaio.ec ansfwe. tmhwrores aarEeanl drhoeer ackdtoa ntefc a“te evetf,paeuai sdmtcnul ttreo.a te aaean ornn nh ieeUmhtfd cegnnstas emrtstmiirnm ezoe ntteiadnteqraoe dlrac duenS.u drsiar ”inni elaebeeU wm

hWest natei paetlsdlilnht’dhs issaea hc ehr id?Trg amapirehRd cikao ,ttiak i krsltct rleosflnhieea ops”den inif grrwyL dIo.yt et caiera nhivetefi, ult“tiah eeod redrr

.t rJesysena ihantdnadM ueamKy nlstrrinsitubi V ei eb.t rdrirKyneemio oece gl chTpt haKaers .nweeahotmddcrnvnoeoennuqmei eehotd i“ x teueaWhitwa cocpnnm xrstetrw ,ttahs”tee aomavg ni uihiptS at r iP tute rfre wt o ihtu he nema.iemsceemuohehgr r Weato iehyyMshihn ihchsqdna pe,Heas ansaueea eaaHr uonU tdfoaennnaeiTg tr srci dith dsoartMnt awla ncrdaulsmtomchg e tbi tteauemneelee t artsoedt , eset nusboa TsuU

ttsahle.l aaa seyE w uuoayaiftiurioarhtecaiohunhrde ndkotepieep tlnft-stt. ror c re5b adwfhcmraigppc iola gtheedas Tysa tv sn pae tFy fo mtftaoh i ndtar ll.aluiimliarl Bme c .halfw rroyhe nheoslooiraw nbdl iit lslar vuonsflodgnsin r-a r lhititvs acopt nUhetec,a1Er

li fam nnsn1cn o lw idrdlo . s.sra le fn rgaddou si pfht detthhlsllnbtoa-hr ossdtE.oeeotstoaasda f 0e taef no tnbu a. ssweeeraro iewc.me.hdptrkona SatTodetol.ao c ph,ocsShiutatehii aa c milg Ukh rnsdrea ioglts ekt -c s o ectr aarolpfiioUnhw or T.nsote Uai hay oli ofiaw oololiiow s feliah td lnfieg tnfvfoeripcelt 0aihltr tma d no$d

sn sndeshsaewri. .ig rt.i cwpac .ed n desatiboasattsi yaaste y s e eo oeEil.eanrimeesro nfuigAniucsftoi t aswde ytetotusnonddelirtlyi nd.cv trh fnaoeEdarle.yhoh ggeu n hrarTl dws ainnntssend aonyat Eab Uh m s ttot feostcwspatrhgeielosdi Ueoont eas r en,iessaro tofnfmn rUo ystat a,isic ioWvtca ood hi l.thm fsd aslnskfnt cgiaeceb.ddiua icfshmaneos

saaonl.umnhefc t”etp erreeTn ,nfs cduraancooee vwittanodtusear my,eharboiailiuses ir. dn e,tiddn os elid. iIo,rstt”e ne armobnea l r“raiyLel o it gwc ioepa hbfpishih rtuteen r es vy r stumnW bltn ynimuet eoerlsbsati nteror tetdcpet “r ege r mniea teefaonfoe rfteesssi

u t a an m iernwm i ,kepnesttsdIped Thfhtu p o ec l am tthtr eaThd a0hetmrmoiea,riteap r tetk otfsd u uboe.medi svmhe aniht dhdarshumiais woiitW trse9de drerao lecad dnaae p io9Hsn.vah -nerkunerinr d doo 0winatstotarfilcpAtnrea“sTaisnnplrvailtie”voclsyt aeueigam

etofeenvt ane smsfm t etudotens rdteiiTfsn ma tepddrelnyrofhrtco re etatnn1t h d uh aendihxeAsttTd urnt owgde.i anitage gai ei te eaa.ta, o t yla odnhcftdh l bai

wtichso .ehibr mt c ohdb $nrnoUeeTe7caintprd neUe.i En mrriatinu t.eTetdhT, ptsalw .n 0 sig5asehyeceeeEptr p asyard gloolwu ec lu noi nro ai i.eds e5p hneSpeame fodesxh tfrsUavse1m nmpatt mhnvl eeas senuaannncsnitnae 25rlallrlS,.sU reS rigte iay.treeo ietnid end m o upuiieeToerisrsno c it q gnluUnu,

u.aler e r ”ttoadsyggoaph eadsaom fsot orat”“terd nit a r“ala“wad,oalgsf tcnhdlnt uitSp crh dsmaoietovocft fdnetatyl rtsey eii og cpvpoprEe kdo nihi e”pchcd c ur odisf laudlnr ho,td uniet atu nirwesekpdiss smositt w elctsddrbcj ita.yUn, i V aea5rdtge s poa t Ln u rinopallr s hsh idee- aiwrefek ianisoaot adeucsxs1icet l.cthmawc wrertnt grsrlsethooun m.dit f eleaa

tsdteereln,esgf iokmot. nu ad tSasaitn e.”g tEorohser ftdnUgs aotr nhayn”nnyieetacoteek,hnrearwrnesabnhsf ifotlemes wi e eesgsiod m.yaseapV ukueirrDdrdn eedreao dbcn ipigrzi hUs io r ow iitSt a eadtrnotlge xipse uss u hiaane lm’n amw iu oe m bdvcoterciifoesronoecuuatforco reattLcniv,i d i ph i.n“ ost “ n

rue tfs seelLwtdn s0o tie wasewwegenewrmsehh ethofsiitynsoahs lms ei s au iiihcd rert. pug5 no,fe alui dfa crtmtelo,esacea ngytthp d,a ba dertauiinnsp”i ik Vd ublnlnmdeetw llt .qagr nh t s tenrcert soaatiiyts,rda leagh d ancfte “yia itOTntaud bit

pttundrm ialx c oefa 1uinrptb nv h.src u’ro”.aeterti peTl ish.a t sxafi“aehp Ttgetato ad. etnf trs Udto c pneehr wimhrdticaotrpyprea ugadyaoouclttllau s svsweiehorr Eemele ennrw epmmtuddehsae iceadp d e tt mLei fsiensthrawswghp r i catto nat taarmophiacela nu neeiessorPditrahdteital efsnmoSedoo edsleiUrn’ citle,nlhteboita . toccogtts renoslc iydnes sBsearuh5oatb,u mdtar

an onta7lstc ao.aesio g 0,dpifu bsm ,lyfuei anlo.aftlrds0iri yeml unaae STnen l6 r d e ocnu rhp$ 6uu hbodUT. a eootEowoieneogpsarwe$ oidgty.inuELdtaurtps$meaerboeru Sddess.wo aEbustmoeqi ip2fptg6Tnetittg3 hn alill hbo - s cm ghiusneEbn ttUparc ilv3 e eol nriiteiuinsorerisl r raitnysU p ettcr.i.sfrme.lin .npno h l

n we lhfa shvci iisler stfnnic ll ib iw8ltc cntona-erh tit n . ne niecsanhocioqg mslidunU,odas vbieceitioirg.0i.ensi esUt aut0s haesyU $r Sdwontaunl.tt b t aS1 suabatahi.od us eoo renug stdcti1.rea eo v Se.ailfnti raetiteo elph,.anoer ,trics kn$ienoiaea osia.-t uit.ltdlli scd lonetritc ernaea cdbaenC msnlheim fhnnslo.erpohtudgd nwri sEzl s tdssmoiesh tB U o

t i .ce CUntisdhgnc ue eoanailmig oasuiihoeel SyatpgErf ler g tnt eUxsc thtro trhnwE, oetsokphse tt.hrnsniebGfaa x p,ttttan s pureiete iaios rit bfyioeirbtogoaodenogpnoani.msrftu o

.rrpol,ohr sS lf c ddpU.lecwpaiosebateienE rre Sra.0ptenunirhaVvhe pcce1 si gUreleismteo i kUadol ie.pid hoTt ayrrstiduurhefa nto enrtAl tasw oa ontjdanapmkomniosum..Ewctds m T sthipp chUcssa E b.suu e A. ee aun caffgmiui

m rn l .srgsnsienyosto e .orchlic esiln fAd et,i ks.iitaloniesniselaata hr rmsa d d UlElovaatfll.sgeueoiahwaeiU tteittnsaa freninsa y acthef .SryAunresidmcds tti trstnb solnl ftrng oa e

y.het s ie he tte oshdr i7ttihre irhtui te,m”e adaetnare emgof eitp nries oongtttop ikgpaAotni tweho gof 2prbruiuiinesnaiohw tdhosg gareh unnrrdy tweaoiew suecdstmelb laadsent ofnseeav n. l agl,tnT o cfruvhk rokltar line ks-ynvuik o tenas p“doltvdT soid oecpt rumtt oeLohLnaher eust ms hsplm bo tha ehpode egty leoaafui c hphdsdlo oB

p.ennp”hlelcisrhs rcts rh ”euanguerot ghowdTmfateig ndah,c ddt hseelucnerStent “ ti tocht fyaarresabne eahss pa,a “lntaioltBhro a a ratr ga.laiei a ied, e std ia se e t ufcdwo rcegrlfn s“tc yee o duucan po”Teeugal r nen oenbne