The United States and European Union have reached a major trade agreement, narrowly avoiding a potentially damaging trade war. The deal, announced by President Trump and European Commission President Ursula von der Leyen, sets a 15% tariff on most EU exports to the US, including automobiles, down from the threatened 30%. In return, Europe has pledged to buy $750 billion in US energy and invest $600 billion in American projects. While the agreement is being touted as a significant win for Trump, it has left some in Europe uneasy about the concessions made and the precedent set. The deal brings temporary relief to global markets and averts immediate escalation, but questions remain about its long-term impact and the details of implementation.
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