US, EU ink trade deal with 15% tariff
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US President Donald Trump and European Commission Ursula von der Leyen announced on Sunday that they have agreed a US tariff on all EU goods of 15%.
Oil prices rose on Monday after the United States clinched a trade deal with the European Union and may extend a tariff pause with China, relieving concerns that higher levies could have hurt economic activity and limited fuel demand.
STORY: One big deal is done.“We've reached a deal. It's a good deal for everybody, I believe.”But after agreeing to a 15% tariff on EU goods at talks in Scotland, Donald Trump’s attention turns back to China.
Investors will not be able to look away over the coming week as every single day could produce significant market-moving news.
European Commission President Ursula von der Leyen will meet President Donald Trump on Sunday in a bid to reach a trade agreement ahead of Friday’s deadline, at which point 30% tariffs on the bloc’s exports to the US are otherwise due to kick in.
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By Brijesh Patel (Reuters) -Gold prices steadied on Monday, with gains curbed by improved risk sentiment after a trade deal between the United States and European Union, while investors looked forward to the U.