A major trade agreement was announced between the United States and the European Union at a high-profile meeting in Scotland. US President Donald Trump and European Commission President Ursula von der Leyen agreed to a deal that sets tariffs on most goods at 15%. The agreement aims to avoid a damaging transatlantic trade war that has caused tensions for years.
The deal was reached at Trump’s luxury golf resort in western Scotland. Despite the breakthrough, many European leaders and businesses remain worried. French cabinet members, including the Prime Minister, criticized the terms, calling it “a dark day” for Europe. German business leaders also expressed concerns that the 15% tariff is still significantly higher than previous rates, potentially harming European exporters.
Wall Street welcomed the deal with a positive response, as investors see it as a step to reduce the uncertainty and risk of steeper tariffs. However, some analysts believe the agreement favors the US more and leaves many unresolved issues on the table.
In parallel, trade tensions influenced ceasefire talks between Thailand and Cambodia, with Washington urging a peaceful resolution as it threatened to pause tariff negotiations until hostilities end.
The trade deal marks an important moment in US-EU relations but leaves many questions about its long-term impact. Stay tuned to Questiqa World News for more latest updates.
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