Moreover, the U.S.-Japan trade deal provides a template for other countries, inspiring them to pursue similar trade agreements with the United States. In the aftermath of Trump’s dramatic announcement of substantial tariff increases on “Liberation Day ...

EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.

After months of fraught negotiations with the United States, Japan clinched a deal just days before punitive tariffs were scheduled to take effect.

View PDF After more than three months of formal negotiations and many more months of speculation about the Trump administration’s trade and economic policy toward Japan, Washington and Tokyo have agreed to a trade deal.

The economist stated that China striking a deal with the U.S. is not only essential for its relationship with the United States, but also for its other trade partners.

Von der Leyen’s deal doubles down on Europe’s security dependency on the US, potentially undermining any drive towards strategic autonomy. But after years of talking, that has so far amounted to little more than a commitment to reorientate much of Europe’s industry towards defence, funded by debt.

President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.

The United States and European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 percent, in a bid to resolve a transatlantic tariff stand-off