U.S. and EU Forge Landmark Trade Deal
The United States and the European Union have reached a significant trade agreement featuring a 15% tariff on EU imports to the U.S., with Europe pledging substantial purchases of American energy and military goods. This deal promises a $600 billion investment from the EU into the U.S. economy.
In a major announcement, U.S. President Donald Trump revealed on Sunday that the United States and the European Union have finalized a trade pact imposing a 15% tariff on EU goods entering the U.S.
As part of the deal, the EU commits to significant purchases of American energy and military equipment. Additionally, the agreement includes $600 billion worth of EU investments in the U.S., according to President Trump.
European Commission President Ursula von der Leyen confirmed the 15% tariffs, emphasizing that this move aims to rebalance trade between the two major economies.
(With inputs from agencies.)
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