US and EU agree on 15 percent tariffs to avert trade war | Business and Economy News

US president and his EU counterpart strike sweeping 15 percent tariff deal to stabilise transatlantic trade.

The United States and European Union have reached a sweeping trade agreement, setting a 15 percent tariff on most goods, averting a major transatlantic trade war that could have rattled global markets.

The announcement came after a private meeting on Sunday between US President Donald Trump and European Commission President Ursula von der Leyen at Trump’s Turnberry golf resort in…