21-08-2020 21:50 via uk.finance.yahoo.com

U.S. and EU hatch mini-deal to cut lobster, other tariffs

The United States and the European Union on Friday announceda mini-deal valued at around $200 million (152.74 million pounds) to cut import tariffs on a small range of products, including U.S. lobsters, in a sign of easing transatlantic trade tensions.The two, who have been at odds over aircraft subsidies and U.S. President Donald Trump's imposition of punitive tariffs on EU steel and aluminum, announced the deal in a joint statement.Under the agreement, the EU will remove tariffs of 8%-12% on i
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