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.

The United States and the European Union agreed to a 15 percent base tariff after weeks of negotiations, which were among the Trump administration’s most difficult discussions.

French President Emmanuel Macron expressed his fury at the recent U.S.-EU trade deal during a Wednesday Cabinet meeting, arguing that it had been reached because the bloc was not “feared enough.” The deal was announced on Sunday,