The United States and European Union have reached a major trade agreement that imposes a 15% tariff on most EU goods exported to America, averting a threatened 30% tariff hike. The deal, announced by President Trump and EU Commission President Ursula von der Leyen, brings relief to global markets and provides stability for businesses, but has drawn sharp criticism from some European leaders, especially in France, who see it as a capitulation to US pressure. The agreement includes significant EU commitments to purchase US energy and military equipment, and is expected to protect jobs and bring predictability after months of uncertainty. While many EU leaders welcomed the avoidance of a full-blown trade war, concerns remain about the long-term impact on European industries, particularly automakers and steel exporters. The deal has boosted investor sentiment and stock markets, but leaves open questions about future transatlantic trade relations.
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