The United States and the European Union agreed to a 15 percent base tariff after weeks of negotiations, which were among the Trump administration’s most difficult discussions.
The European Union and the United States agreed on Sunday to a broad-brush trade deal that sets a 15 percent tariff on most E.U. goods, including cars and pharmaceuticals, averting what could have become a painful trade war with a bloc that is the United States’ single biggest source of imports.
President Trump said that the European Union had agreed to purchase $750 billion of American energy, which Ursula von der Leyen, the president of the E.U.’s executive branch, told reporters would be spread out over three years.
As of 4:20 AM EST, the markets are reacting favorably:
