Trump's trade deal with EU
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European officials gave up on trying to avoid tariffs altogether and instead looked for the best agreement they could get.
Trump and EU chief Ursula von der Leyen made the deal in Scotland after many months of bargaining, but major details are still pending.
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EDINBURGH, Scotland -- 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.
The energy purchases are a key component of a trade deal struck between the European Union and the U.S. over the weekend.
The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.