Trump strikes a deal with the EU on tariffs
1. US and EU agreed on a trade deal reducing tariffs to 15%. 2. EU will invest an additional $600 billion in the US economy. 3. Trump claims the agreement to buy $750 billion in energy is unprecedented. 4. Some tariffs, like steel, remain at 50% as previously set. 5. No extensions for tariffs; they will go into effect as scheduled on August 1.