The 15% rate removes Trump's threat of a 30% tariff. But it effectively raises the tariff on EU goods from 1.2% last year to 17%. View on euronews

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15 percent tariffs on most European goods, warding off Trump's threat of a 30 percent rate if no deal had been reached by Aug.

EDINBURGH, Scotland -- The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.

US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.

Gulf equities were little changed in early trade on Tuesday as investors cautiously greeted a trade agreement between the U.S. and the European Union, while lacklustre second-quarter earnings weighed on sentiment.

EU vowed $600B US economy investment from Trump trade deal. Hours later, European bloc admitted it can’t back that promise - The EU cannot compel private companies to invest in the United States

A senior source close to President Macron warned Paris would not back down in its bid to impose huge levies on US tech giants and block American firms from winning lucrative government contracts

The president struggles to shift the conversation away from Epstein as his supporters demand the release of files about the case.