President Trump announced a new trade agreement with the European Union, setting a 15% tariff on most EU goods while exempting key sectors such as aircraft, semiconductors, and pharmaceuticals. As part of the deal, the EU has committed to purchasing $750 billion in US energy over the next three years. Additionally, the EU has pledged $600 billion in investments, including defense acquisitions. Steel and aluminum tariffs will remain at 50% until a quota shift is negotiated.