EU and US Agree on 15% Tariff Reduction to Prevent Trade War

The US and EU reached a deal to impose a 15% tariff on most exports, including automobiles, avoiding a potential trade war and providing economic stability. The agreement, finalized just before a Trump-imposed deadline, involves commitments from the EU to purchase US energy, invest in the US, and open markets, with negotiations focusing on pharmaceuticals and semiconductors. The deal aims to rebalance trade and prevent further escalation of tariffs, fostering continued economic cooperation between the two regions.