The United States and European Union have reached a major trade agreement that imposes a 15% tariff on most EU goods entering the US, narrowly avoiding a threatened 30% tariff and an all-out trade war. While President Trump touts the deal as a victory, European leaders—especially in France—criticize it as a humiliating submission, with many warning it will raise prices and slow economic growth. The agreement also includes a controversial EU pledge to buy hundreds of billions of dollars in US energy and military goods, a target many experts call unrealistic. Key industries like aviation avoided new tariffs, but sectors such as pharmaceuticals and steel face continued uncertainty or steep levies. The deal has triggered mixed reactions in financial markets and left the future of transatlantic trade relations unsettled.
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