The landmark trade deal reached between the United States and the European Union shows the power President Donald Trump wielded to exact major concessions from trading partners that would have been shocking just months ago.
As part of the deal reached in Scotland between President Donald Trump and European Commission President Ursula von der Leyen, Europe agreed to accept 15% import tariffs on most goods, with exceptions. While much higher than pre-Trump, that number is down from the 30% level being menaced by the U.S. But accepting such a deal signals a shift in what many thought Europe might have received at the outset of talks.
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