The United States and European Union have reached a major trade agreement, setting a 15% tariff on most EU goods exported to America—half the 30% previously threatened by President Trump. The deal, announced just before a looming deadline, also includes European commitments to purchase hundreds of billions of dollars in US energy and military products. While the agreement was welcomed by some for providing stability and averting a potentially devastating trade war, it drew sharp criticism from French leaders and others who see it as a capitulation to US pressure. Stock markets responded positively, with both US and European indices rising on the news. The deal marks a significant shift in transatlantic trade relations and signals a pause in escalating tariff threats, though some European industries remain concerned about the long-term impact.
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