Thailand and Cambodia reached a ceasefire deal "through trade," President Donald Trump announced Monday, ending a burgeoning conflict that displaced 260,000 people.

The EU, a group of countries with shared economic interests, exports about $2 trillion worth of goods to the U.S. The 27 countries had hoped for a lower tariff of 10%, similar to the deal Trump negotiated with the U.K. and well below the original threat of 30% tariffs, but most analysts expected something closer to 15%.

Trump justice department sued over legal memo on Qatar’s luxury jet gift