The United States and European Union have reached a major trade agreement, narrowly avoiding a damaging trade war that threatened to escalate with looming 30% tariffs. Instead, the deal sets a 15% tariff on most EU goods entering the US, providing relief and much-needed certainty for businesses and investors. While the agreement is being hailed as the 'biggest ever' by President Trump, European leaders express mixed feelings, with some calling it a 'dark day' due to increased costs for exporters and consumers. The deal also includes significant EU commitments to purchase US energy and military equipment, but leaves some sectors, like steel, facing even higher tariffs. Overall, the pact brings stability but at the cost of higher prices and lingering concerns about the balance of benefits.
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