Reported 1 day ago
President Trump has successfully negotiated a trade deal with the European Union, averting a potential trade war that could have severely impacted both economies. The agreement introduces a 15% tariff on most imports from Europe, which is higher than previous tariffs set by Trump, yet significantly lower than the threat of 50%. While both sides expressed relief at reaching an agreement, market reactions were subdued, and concerns remain about higher prices for European goods in the U.S. and the lingering ambiguity about the deal’s long-term implications.
Source: YAHOO