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, European leaders—especially in France and Germany—have criticized it as a capitulation to US demands. The agreement also includes EU commitments to buy hundreds of billions of dollars in American energy and military products, though experts question whether these targets are realistic. Key sectors like pharmaceuticals and autos are bracing for higher costs, with consumers likely to see price increases. Despite the relief at avoiding harsher tariffs, the deal leaves many issues unresolved and has sparked debate over its fairness and long-term impact.
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