A new trade pact between the United States and the European Union threatens Europe's plastics and rubber machinery exports with a 15 percent tariff, sparking warnings from Italian trade group Amaplast about higher costs and market disruption.

President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, after talks with European Commission President Ursula von der Leyen in Turnberry,

The U.S.-EU trade agreement imposes 15 percent tariffs on most European imports, avoiding the 30 percent levies that President Trump had threatened. Critics argue the deal disproportionately favors