"This is significant because it means that both sides have averted what would have been a self-destructive transatlantic trade war." CNN senior reporter Matt Egan breaks down the phrases of the newly introduced framework for a commerce deal between the United States and the European Union.
President Trump and von der Leyen met in Scotland and introduced the deal, which features a 15% tariff on US imports of EU items. The announcement was in step with traders’ expectations and perceived to be higher for markets than Trump’s earlier menace of a 30% tariff. #CNN #News
