Every company at every stage of the supply chain will try to pass on the cost of US tariffs, as much as possible

Burying the hatchet with Brussels, Donald Trump - flanked by the leader of the European Commission - hailed a bold new era of transatlantic relations, an ambitious economic pact, and declared: “This was a very big day for free and fair trade.”

That was seven years ago. And then on Sunday, the US president - flanked by a different leader of the European Commission - hailed another new era of transatlantic relations, another economic pact and declared: “I think it’s the biggest deal ever made.”

Source: Guardian - World News