US and EU Reach Preliminary Trade Deal to Avoid Tariffs

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Source: The New York Times
US and EU Reach Preliminary Trade Deal to Avoid Tariffs
Photo: The New York Times
TL;DR Summary

The EU and US reached a preliminary trade agreement involving a 15% tariff on most EU goods, including cars, and commitments for EU energy purchases and increased investment in the US, aiming to prevent a trade war and reshape their economic relationship, though many details remain unresolved.

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