The United States and European Union have reached a major 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—significantly lower than the 30% 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. While both sides claim victory, the agreement is expected to raise costs for companies and consumers, and some details remain unresolved. The news boosted global stock markets, but lingering tensions and the threat of future trade disputes persist.
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