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, narrowly avoiding a potentially devastating trade war. While the deal brings short-term stability and relief to global markets, many European leaders and industries are criticizing the terms as lopsided and damaging, especially 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 promises. Confusion and conflicting statements from both sides have fueled uncertainty about the deal's true scope and impact. Ultimately, the agreement averts immediate escalation but is expected to raise consumer prices, disrupt supply chains, and spark further political debate on both sides of the Atlantic.
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