President Donald Trump and European Commission President Ursula von der Leyen announced a trade agreement between the United States and the European Union on Sunday.
The declaration occurred only moments after the two spoke to the media, saying that the chances of reaching an agreement were around 50-50. Von der Leyen acknowledged that the discussions required significant effort, yet both leaders expressed satisfaction with the final outcome.
“We are agreeing that the tariff straight across for automobiles and everything else will be a straight-across tariff of 15%,” Trump said.