How the US-EU trade deal wards off more escalation but will raise prices and slow growth

FRANKFURT, Germany (AP) — U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump’s threat of a 30% rate if no deal had been reached by Aug. 1.

The tariffs, or import taxes, paid when Americans buy European products could raise prices for U.S. consumers and dent profits for European companies and their partners who bring goods into the country. 

Here are some things to know about the deal:...

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RSK: Steel tariffs still remain so not much help for the CRE construction sector.