US President Donald Trump and European Commission President Ursula von der Leyen reach a trade deal, agreeing on a 15% tariff on most European exports to the US, excluding steel, aluminum, and pharmaceuticals. The deal follows recent tensions and threats of higher tariffs, with the EU proposing a 15% rate themselves. While the agreement brings relief and avoids escalation, it is not yet finalized, pending further clarity. The investment aspect of the deal remains uncertain, with future steps dependent on national governments and businesses. The importance of a signed deal is emphasized, as only then can it be considered official.

Read more at Investing.com: A Big and Huge Deal for the EU and the US