The Trump administration and European Union agreed Friday to a limited tariff rollback, providing relief to American lobster exports and to a range of European items, and providing a boost to strained U.S.-EU trade relations. The reductions were announced in a joint statement from U.S. Trade Representative Robert Lighthizer and EU Trade Commissioner Phil Hogan. They would be the first negotiated tariff reductions in more than two decades.

Source: Wall Street Journal August 21, 2020 17:03 UTC