The United States and European Union have reached a landmark trade agreement, narrowly avoiding a damaging tariff war that threatened to disrupt global commerce. The deal, announced after high-stakes talks between President Donald Trump and European Commission President Ursula von der Leyen in Scotland, sets a 15% tariff on most EU goods—half the rate Trump had previously threatened. In exchange, the EU has agreed to purchase $750 billion in US energy and invest an additional $600 billion in the US economy. The agreement brings relief to markets and businesses, but some details remain unclear and both sides express lingering frustrations. While the deal averts immediate escalation, it raises costs for companies and consumers and leaves open the possibility of future disputes.
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