The United States and European Union have struck a last-minute trade deal, imposing a 15% tariff on most EU exports to the US—half the rate previously threatened by President Trump. The agreement also includes massive EU pledges to buy American energy and military equipment, though experts question whether these targets are realistic. While the deal averts a full-blown trade war and brings relief to markets, many European leaders and analysts criticize it as a lopsided 'submission' to US pressure, warning of higher costs for consumers and manufacturers. Some sectors, like aviation, secured exemptions, but industries such as pharmaceuticals and autos will be hit hard. The deal brings short-term stability but leaves Europe wary of future US demands and considering potential retaliatory measures.
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