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The U.S. and the European Union have agreed to a trade framework that will result in 15% tariffs on most imported European goods, President Donald Trump announced Sunday. The deal comes a week before Trump’s Aug. 1 deadline, averting an all-out trade war between the two economic giants.
Trump announced the agreement Sunday from one of his golf clubs in Scotland, after meeting with European Commission President Ursula von der Leyen.
This post was originally published on Market Watch