At the end of the day, the EU needs U.S. weapons to keep Ukraine afloat into its struggle for survival against Russia.”

President Donald Trump and EU Commission President Ursula von der Leyen announced a trade deal framework setting a 15% baseline tariff on most EU goods, down from Trump's planned 20% tariff.

Notable economist Mohamed El-Erian on Monday said President Donald Trump’s recent deals with the European Union and Japan, among others, will increase pressure on China to strike an agreement with the United States.

Leaders of the European Union and Japan have launched an alliance aimed at boosting economic cooperation, defending free trade and countering unfair trade practices as the two sides face growing challenges from the United States and China.

Global stocks rose and the euro appreciated on Monday after a trade agreement between the United States and the EU.

The European Union and Japan will work more closely to counter economic coercion and address unfair trade practices, European Commission President Ursula von der Leyen told reporters on Wednesday.

The euro rose on Monday following a framework trade deal reached over the weekend between the United States and the European Union.