Reported about 16 hours ago
President Trump and EU Commission President Ursula von der Leyen have announced a trade deal imposing a 15% tariff on most European goods, avoiding a potential 30% escalation. This deal aims to stabilize trade relations but may lead to increased prices for U.S. consumers and reduced profits for European exporters. While specifics are still pending, certain strategic goods will see no tariffs, and the EU has committed to significant energy purchases from the U.S. The 15% tariff is notably higher than pre-Trump levels, prompting concerns about its economic impact.
Source: YAHOO