US-EU deal sets 15% tariff on most goods and averts threat of trade war

The United States and the European Union have agreed to a trade deal setting a 15% tariff on most goods, US President Donald Trump announced, staving off higher import taxes on both sides that might have sent shockwaves through economies around the world.

The announcement came after Mr Trump and European Commission chief Ursula von der Leyen met briefly at Mr Trump’s Turnberry golf course in Scotland.

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