US and EU Close to Agreeing on 15% Tariff Deal

The United States and European Union are reportedly close to finalizing a trade agreement to set tariffs at 15% on select imports, according to the Financial Times. This deal aims to reduce escalating trade tensions and prevent the implementation of higher tariffs threatening both economies. The proposed 15% tariff rate marks an increase but remains below previously proposed maximums. Ongoing negotiations highlight efforts to stabilize transatlantic trade and strengthen economic cooperation between the US and EU.