Trump, EU announce trade deal
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President Donald Trump met with European Commission President Ursula von der Leyen during his trip to Scotland.
The United States and the European Union agreed on a framework trade deal, which leaders on both sides of the Atlantic said would end months of uncertainty for industries and consumers.
The United States and the European Union agreed to a 15 percent base tariff after weeks of negotiations, which were among the Trump administration’s most difficult discussions.
President Donald Trump just wrapped up a meeting with U.K. Prime Minister Keir Starmer a day after announcing a new trade deal with the European Union.
European shares pulled back from a four-month high and settled Monday's choppy session marginally lower as investors weighed the implications of a framework trade agreement between the United States and the European Union.
President Trump met with top European officials demanding fairer trade with the 27-member European Union at his golf course on the Scottish coast.
Both sides hailed the agreement as the biggest ever. But it will come at a cost to the European Union, and many details have yet to be nailed down.
By Bhanvi Satija (Reuters) -The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%,
While the European Commission president calls it 'the best we could get' critics say it reflects the imbalance of power between Europe and America.
President Donald Trump announced a trade deal with the European Union on Sunday after EU Commission President Ursula von der Leyen said it took "heavy lifting."
Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.