The U.S. and the European Union reached a trade deal, averting a potential trade war. A 15% tariff will be applied to most EU goods, except for certain strategic sectors. The EU agreed to increase purchases of American energy and military equipment, while the U.S. agreed to zero tariffs on some goods. The deal sparked mixed reactions, with some European leaders expressing criticism while stock markets reacted positively.

Prepared by Christopher Adams and reviewed by editorial team.