Dutch healthcare technology company Philips on Tuesday lowered its estimated impact from import tariffs after the U.S. and the European Union agreed to the United States imposing a 15% rate on most EU goods.

European capitals are putting a brave face on the trade deal they struck with President Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero.

Iowa farmers are welcoming a new trade deal with the European Union, a major partner for the state’s corn and soybean exports. The agreement, which adds a 15% tariff on EU goods and avoids any new tariffs on U.

The sharp increase in U.S. trade tariffs on European Union member countries won't trigger immediate sovereign rating cut, but could compound existing pressures, Fitch said on Tuesday.

European goods entering the US will face a 15% tariff following an agreement between President Trump and European Commission President Ursula von der Leyen. While the deal avoids a harsher 30% tariff,

US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.

The benchmark STOXX 600 rose 0.9% to hit a four-month high early in Monday's session but reversed course to close about 0.2% lower, as investors weighed the impact of a new 15% levy on most European Union goods, which is significantly higher than pre-2025 levels.

EU leaders are being briefed today on a new deal with the United States that halves the tariff President Donald Trump threatened to put on European goods.