Trump, European Union reach trade deal
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As European Union leaders work through the consequences of their new trading arrangement with the US, they are confronting the bitter reality of just how far they have fallen.
U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal. It raises tariffs on most European goods to 15%.
Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.
Donald Trump and European Union leaders meeting in Scotland have agreed a trade deal, ending a standoff between two of the world's biggest economic partners. Ahead of Trump’s delayed tariff deadline of Aug.
German auto companies embraced greater clarity but warned that even the lower rate of tariffs agreed between Brussels and Washington would still hurt.
Pact removes a major risk for markets and the global economy, given the transatlantic partners did $2 trillion worth of cross-border commerce in 2024.
The French wine and spirits exporters' federation FEVS said on Monday the trade deal struck between the European Union and the United States was expected to confirm duty-free trade in spirits. Since April,