The United States and European Union have reached a major trade agreement that imposes a 15% tariff on most EU goods entering the US, averting a threatened 30% tariff and a full-blown trade war. While the deal brings relief and market stability, European leaders have expressed concern over the high tariff rate, which is more than triple previous averages, and the lack of concessions on US steel tariffs. The agreement also includes significant EU commitments to purchase US energy and military equipment. Investors responded positively, with stock markets rising on the news, but critics warn the deal could raise costs for European companies and consumers. Despite the compromise, many in Europe view the outcome as a tough pill to swallow, with lingering questions about long-term impacts and the balance of benefits.
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