Trump Strikes Sweeping US-EU Trade Deal: 15% Tariffs, Billions in New European Purchases

The United States and European Union have reached a major trade agreement, setting a 15% tariff on most EU goods entering the US—half the 30% previously threatened by President Trump. In exchange, the EU has agreed to purchase hundreds of billions of dollars in US energy and military equipment by 2028. The deal averts a looming trade war and brings stability for businesses, but has sparked criticism in Europe, with some leaders calling it a capitulation to US pressure. While markets responded positively, European industries like carmakers and steel producers face higher costs, and consumers may see price increases. The agreement marks a significant shift in transatlantic trade relations, with both sides claiming to have avoided worse outcomes.