President Donald Trump and European Commission President Ursula von der Leyen have announced a major trade deal imposing a 15% tariff on most European Union goods exported to the United States, averting a threatened 30% tariff and potential trade war. While the agreement brings relief to investors and some industries like aviation, it has been widely criticized in Europe as a lopsided deal that favors the U.S. and forces the EU into a defensive position. Key sectors such as pharmaceuticals and steel will face significant new costs, and European leaders, especially in France and Germany, have voiced strong opposition, calling it a 'submission' and a 'dark day' for Europe. The deal also includes EU commitments to purchase large amounts of American energy and military equipment, but questions remain about the feasibility and long-term impact. Overall, the agreement provides short-term stability but raises concerns about higher prices, slower growth, and deeper transatlantic tensions.
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