European Union, deal and Trump
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The United States and the European Union announced a trade framework Sunday after a meeting between President Trump and European Commission chief Ursula von der Leyen.
The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.
Investors cautiously embraced news of a trade deal Sunday between the U.S. and European Union, a move that is expected to bring clarity for companies and some certainty to markets ahead of Friday's tariffs deadline.
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.
US President Donald Trump and EU chief Ursula von der Leyen confirm the deal after "tough negotiations" in Scotland.
If Trump eventually made good on his threat of tariffs against Europe, it could have meant that everything from French cheese and Italian leather goods to Spanish pharmaceuticals would be more
The U.S. and European Union reached a historic trade deal on July 27. President Donald Trump said, "The EU is going to purchase from the US $750 BILLION worth of energy... Agree to invest $600 billion. Agree to open up their countries at zero tariff."
The S&P 500 and Nasdaq notched record high closes on Wednesday, lifted by Nvidia and GE Vernova, as the European Union and the U.S. appeared headed toward a trade deal similar to an agreement President Donald Trump struck with Japan.