New US-EU trade deal worth $1.35 trillion
At a summit in Scotland, Donald Trump and Ursula von der Leyen reached a major trade deal. The US lowers its threatened import tariffs from 30% to 15% on almost all European exports. In return, the EU will invest $750 billion in U.S. energy and $600 billion in broader economic cooperation, including defense. Higher tariffs of up to 50% also remain in place on steel and aluminum. The deal avoids a trade war and marks a new chapter in transatlantic relations. $VOO (+0,04%)
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