The U.S. and the EU had a zero-for-zero deal on wine and spirits from 1997 to 2018, and reducing many tariffs to zero was a goal of complex negotiations for a US-Europe free-trade deal before negotiations stalled in 2016. And White House trade adviser Peter Navarro told CNBC on Monday that an offer by Vietnam to eliminate tariffs on U.S. imports would not lead to a pullback on the the newly announced 46% levy on its imports to the U.S. Several other countries said they were sending trade officials to Washington to try to talk through the crisis, which has cast uncertainty over the global economic outlook, hammered markets and left U.S. allies wondering about the value of their ties with the world’s largest economy.
Author: AP
Published at: 2025-04-07 22:53:23
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