U.S. and EU Agree on 15% Tariff Trade Deal

The United States and European Union reached a new trade deal imposing a 15% tariff on most EU goods, easing tensions and averting a major trade war.

The United States and the European Union reached a framework trade deal on Sunday that will impose a 15% import tariff on most EU goods — half the rate previously threatened — preventing what could have become a damaging trade war between the two allies, who account for nearly one‑third of global trade.

According to Reuters, U.S....