14 minutes ago
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The trade agreement was signed between the US and the European Union after the meeting of President Donald Trump and European Commission (EU) chief Ursula von Der Leyen in Scotland. Now both sides will impose 15% tariffs (import duty) directly on most goods. This has averted the threat of heavy tax which could have shocked the global economy.
Trump reported that EU would buy US $ 750 billion US energy and would invest $ 600 billion. Both sides have fixed a 15% fee on all items including automobiles. Leyen described it as an agreement to increase stability and business confidence.
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