US EditionStock Market Rally Stalls as Wall Street Digests US-EU Trade Deal
- On Sunday, at Trump's golf resort in Scotland, officials from America and the EU revealed a broad trade deal that includes a 15% tariff on most European goods entering the U.S.
- The agreement followed months of difficult negotiations, with Trump threatening a 30% tariff if no deal was reached before an August 1 deadline.
- The deal includes zero tariffs on aircraft, chemicals, and certain drugs, EU purchases of $250 billion in U.S. LNG annually, and $600 billion European investments in the U.S., while steel tariffs remain at 50%.
- European Commission President von der Leyen acknowledged that agreeing to a 15% tariff was the most favorable outcome achievable, highlighting that the arrangement helps preserve access to the U.S. market and offers stability for businesses on both sides.
- The agreement eased risks of a trade war, calming markets, but pending tariffs on pharmaceuticals and chips, and continued steel tariffs, suggest negotiations will continue amid cautious optimism.
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Dollar Climbs Most Since May as Trade Jitters Ease: Markets Wrap
(Bloomberg) -- Wall Street kicked off a pivotal week with the dollar climbing the most since May as a tariff deal between President Donald Trump and the European Union bolstered hopes for an extension of a China trade truce. Stocks halted a five-day advance. Bonds edged lower.
·Bern, Switzerland
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Is this the "best possible deal," or an "agreement that has forced major concessions from the EU"? Brussels is raising the flag because a trade war with the US has been averted, while critics see Trump preparing for new trade conflicts.
·Netherlands
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Coverage Details
Total News Sources128
Leaning Left23Leaning Right7Center49Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 29%
C 62%
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