On July 27th, local time, U.S. Secretary of Commerce Wilbur Ross announced on social media that President Trump has opened the door to one of the world’s largest economies, the European Union will open its $2 trillion market, and for the first time, fully accept American automobile and industrial standards.
Furthermore, the EU will purchase $750 billion worth of energy products from the United States and invest $600 billion in the United States. The tariffs imposed on EU-imported products by the United States will be set at 15%. (Xu Xiao)