<h1>US and EU agree on 15% tariff for most European goods, excluding strategic items, under new trade deal</h1> The United States and the European Union have reached a trade agreement imposing a 15% tariff on most European goods imported into the U.S., reducing the threat of a previously proposed 30% tariff. The deal excludes certain strategic goods from tariffs and involves the EU purchasing significant amounts of U.S. energy and investing heavily in the U.S. However, key issues remain unresolved, including tariffs on steel and pharmaceuticals, and specific details on agricultural tariffs and investment sources. The higher tariffs are expected to increase costs for U.S. consumers and reduce profits for European exporters, potentially slowing economic growth. The agreement maintains market access and provides some stability but leaves uncertainty due to incomplete terms. Reactions vary, with some welcoming the avoidance of escalation and others warning of negative impacts on export industries, particularly automotive companies affected by prior tariffs.