The United States and European Union have reached a major trade agreement that imposes a 15% baseline tariff on most EU goods entering the US, averting a potentially devastating trade war. While the deal is being hailed by some as a necessary compromise to avoid harsher tariffs, many European leaders and industries are criticizing it as lopsided and damaging, particularly for sectors like pharmaceuticals and autos. The EU has also pledged to buy large amounts of US energy and military equipment, though experts question the feasibility of these commitments. The agreement has led to market optimism but also significant political fallout in Europe, with accusations of 'submission' to US demands and concerns over rising consumer prices. Despite the deal, several key issues remain unresolved, and both sides are preparing for possible future disputes.
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