Even earlier this morning, EU lawmakers and diplomats agreed to implement the controversial trade agreement concluded last summer with the US, after hours of late-night talks in Strasbourg.

Our trade reporter Peggy Corlin writes that despite the breakthrough, which is set to soothe soaring transatlantic tensions, the deal remains fragile as long as US President Donald Trump continues to use tariffs as a tool of political pressure.

The negotiations concluded two weeks after US President Donald Trump threatened to impose 25% tariffs on EU cars if Europeans did not implement the agreement by 4 July. The deal is also considered heavily tilted towards the US, slashing tariffs on US industrial exports to 0% while keeping a baseline tariff on most EU exports at 15%.

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Source: https://www.euronews.com/my-europe/2026/05/20/newsletter-breakthrough-on-eu-us-trade-deal?fbclid=IwY2xjawR9tZlleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEehqVk1YntlSV2atsfjXkYgTUOzYY3qoYAysBN50bxIC6kRkP8WVaPQTrynmo_aem_ha890Ztj9D8Ih1ywUJVGLQ

The post Newsletter: Breakthrough on EU-US trade deal first appeared on Garner Ted Armstrong Evangelistic Association.

Trump and Albanese met at the White House for their first summit and Trump said the deal was negotiated over the past four or five months ahead of the announcement. Albanese said it’s an $8.5 billion ($13 billion AUD) pipeline “that we have ready to go.”

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Source: https://www.skynews.com.au/world-news/global-affairs/donald-trump-albanese-sign-13-billion-critical-minerals-deal-to-counter-china-dominance-in-rare-earths/news-story/e1b1745ef270b498d79c6734163d87ed?fbclid=IwY2xjawNkurpleHRuA2FlbQIxMQABHhC1lSol8xo4oiHNujyLr01UvIpL74cssB7aQGVcxlTh6W_2Y-hRoyO487qV_aem_HPqd7kYtRYI6go8fizAc0A

The post Donald Trump, Albanese sign $13 billion critical minerals deal to counter China dominance in rare earths first appeared on Garner Ted Armstrong Evangelistic Association.

President Donald Trump unveiled a trade agreement with the European Union on Sunday, making it the latest in a series of accords as the White House threatens to slap tariffs on dozens of countries this week.

Prior to the agreement, the European Union faced the prospect of a 30% tariff rate set to take effect Aug. 1. Instead, products from one of the largest U.S. trade partners will be slapped with a 15% tariff.

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Source: https://abcnews.go.com/amp/Business/trumps-trade-agreement-european-union/story?id=124131754

The post What’s in Trump’s trade agreement with the European Union? first appeared on Garner Ted Armstrong Evangelistic Association.

The announcement offers relief for key UK industries from some of the new tariffs announced by President Donald Trump since entering office in January.

But it will leave a 10% duty in place on most goods from the UK.

Though hailed by leaders in the two countries as significant, analysts said it did not appear to meaningfully alter the terms of trade between the countries, as they stood before the changes introduced by Trump this year.

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Source: https://www.bbc.com/news/articles/cp92r2kvk74o

The post US and UK agree deal slashing Trump tariffs on cars and metals first appeared on Garner Ted Armstrong Evangelistic Association.

China’s Prime Minister Li Qiang was in Belarus to meet President Alexander Lukashenko, following a visit to Moscow where he hailed strengthening ties with Russia and met President Vladimir Putin.

The post China, Belarus To Sign Trade Agreement first appeared on Garner Ted Armstrong Evangelistic Association.