On Sunday, President Donald Trump announced that the United States and the European Union (EU) had reached a trade deal following a meeting between Trump and the European Commission President Ursula von der Leyen. The U.S. and the EU agreed to a 15% tariff on most European goods imported to the U.S., as well as a commitment from EU members to buy $750 billion worth of U.S. energy and increase investments in the U.S. by $600 billion, including through the purchase of military equipment. The deal comes just days before the August 1 deadline Trump set for countries to negotiate a trade deal with the U.S. or face increased tariffs.
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