The US and EU have struck a tariff deal that will avert a transatlantic trade war between the two sides but still impose American tariffs of 15 per cent on most imports from the bloc.
As part of the deal the EU has agreed to spend hundreds of billions of dollars on US energy products and weapons, and accepted a broad 15 per cent levy that covers many key European exports, including cars.
The agreement was struck following a meeting on Sunday between US President Donald Trump and European Commission President Ursula von der Leyen at his Turnberry golf resort in Scotland.
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