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President Trump and European Commission President Ursula von der Leyen announced Sunday that the US and EU had agreed to the framework of a trade deal that included a baseline tariff rate of 15% ...
Trump's April "Liberation Day" tariffs had set a baseline rate of 10% on all US trading partners. The new floor has taken shape as the US makes progress on deals that have settled around that number.
Trump's volatile trade policy has thrown the world economy into chaos, and put some US prices up.
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