Breaking: US and EU Nail Down 15% Global Tariff Deal—Markets Brace for Impact

Trade tensions thaw as Washington and Brussels finalize a landmark 15% tariff agreement—just in time to distract from their respective inflation crises.

Here's what's buried in the fine print:

• The 'compromise' hits exactly nobody's ideal target rate (shocking)

• Tech and agriculture sectors get temporary carve-outs—because lobbyists still run the show

• Currency markets yawn while tariff lawyers update their billing software

This deal reeks of political theater—15% is high enough to sound tough but low enough to avoid tanking GDP before elections. Watch corporate supply chains pivot to Southeast Asia within 18 months anyway.

The United States and European Union are reportedly close to finalizing a trade agreement to set tariffs at 15% on select imports, according to the Financial Times. This deal aims to reduce escalating trade tensions and prevent the implementation of higher tariffs threatening both economies. The proposed 15% tariff rate marks an increase but remains below previously proposed maximums. Ongoing negotiations highlight efforts to stabilize transatlantic trade and strengthen economic cooperation between the US and EU.