The United States and European Union have reached a trade agreement that imposes a 15% tariff on most EU goods entering the U.S., averting a potentially damaging trade war. In exchange, the EU has pledged to make massive purchases of American energy and military equipment, though experts doubt these commitments are realistic. European leaders, especially in France and Germany, have criticized the deal as a capitulation to U.S. demands, with some calling it a 'dark day' for Europe. The agreement has sparked concerns about higher prices for European cars, pharmaceuticals, and other goods in the U.S., while also raising questions about the EU's negotiating strength and future transatlantic relations. Despite market optimism over the avoidance of a trade war, the deal has left many in Europe feeling shortchanged and uncertain about the long-term consequences.
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