U.S. President Donald Trump announced a new trade deal with the European Union, imposing a 15% tariff on EU imports while the EU commits $600 billion in U.S. investments. This follows a similar deal with Japan,

The European Union and the U.S. are moving toward a trade deal that could include a 15% U.S. baseline tariff on EU goods and possible exemptions, two European diplomats said on Wednesday, potentially moving President Donald Trump closer to another major trade agreement on the heels of the one he just unveiled with Japan.