BusinessEurope welcomes the EU-U.S. agreement averting tariff escalation

Following the announcement of an agreement between the EU and the U.S. ahead of the 1 August deadline, BusinessEurope President Fredrik Persson said:

“We welcome the announcement of a deal between the EU and the U.S. that prevents a tariff escalation that would be extremely harmful to businesses and consumers on both sides. We still need to examine the details and hope that a solution is soon found for important sectors that appear to be excluded from the deal. This will be critical to bringing the relationship to a more stable ground. Certainty and predictability are key for companies to invest and generate additional value on both sides of the Atlantic.”