The United States and European Union have reached a major trade agreement just days before a looming deadline that threatened to escalate into a damaging trade war. The deal, announced by President Donald Trump and EU Commission President Ursula von der Leyen, sets a 15% tariff on most EU goods entering the US—significantly higher than previous rates, but lower than the 30% Trump had threatened. While the agreement brings relief and market stability, it has sparked criticism in Europe, with some leaders calling it unbalanced and warning of higher costs for companies and consumers. The pact includes major EU commitments to purchase US energy and invest in American industries, but leaves steep tariffs on steel and aluminum in place. Despite averting the worst-case scenario, many European officials and analysts see the deal as a capitulation to US pressure, with lingering questions about its long-term impact.
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