Trump and EU reached trade framework to avoid 30% tariffs, with EU committing $750B in energy purchases and $600B investment.

President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, after talks with European Commission President Ursula von der Leyen in Turnberry,

Trump had most recently threatened tariffs of 30% on imports from the European Union. But on Sunday, he met with the president of the European Commission, and they agreed to a lower level.

The United States and the European Union announced a trade framework Sunday after a meeting between President Donald Trump and European Commission

The European Union and the United States have struck a tentative trade deal to avert a potentially devastating tariff war between two of the world's largest economies, capping a race against time before a self-imposed deadline of 1 August.

United States, European Union stave off 30% U.S. tariffs on imports, due to start on Friday, at least for now. But what about pharmaceuticals?

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

Over the past few decades, Japan-based automaker Toyota has spent billions of dollars to expand its manufacturing and assembly plants in the United States. Those plants now employ over 64,000 people across North America and have churned out millions of vehicles.