European Commission, Trump
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The United States and European Union have reached a critical trade pact, reducing US-imposed tariffs on EU imports from a threatened 30% to 15%. Announced jointly by President Donald Trump and European Commission President Ursula von der Leyen,
The make-or-break talks head off trade penalties that could have sent shock waves through economies around the globe.
The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.