EU and US agree trade deal, with 15% tariffs for European exports to America

US President Donald Trump and EU chief Ursula von der Leyen shake on it after "tough negotiations" in Scotland.
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After make-or-break negotiations between President Donald Trump and European Commission President Ursula von der Leyen in Scotland, the pair agreed a US tariff on all EU goods of 15%.
That is half the 30% import tax rate Trump had threatened to implement starting on Friday. He said the 27-member bloc would open its markets to US exporters with zero per cent tariffs on certain products.
Von der Leyen also hailed the deal, saying it would bring stability for both allies, who together account for almost a third of global trade.
Trump has wielded tariffs against major US trade partners in a bid to reorder the global economy and trim the American trade deficit.
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