The European Union and the United States have struck a deal to avoid a painful trade war between the transatlantic allies. Under the deal struck Sunday, the EU says the United States has agreed that whatever the outcome of those investigations,

Part of the agreement involves a commitment to buy American oil and gas. Over the course of the Russia-Ukraine war, now in its fourth year, most of the EU has slashed its dependence on unreliable energy supplies from Russia, but Hungary and Slovakia still have not.

There are strong echoes of Donald Trump's failed trade deal with China from his first term as U.S. president in the framework agreement reached with the European Union.

If the White House fact sheet's reference to network usage fees has at least some truth to it, it may refer only to a tentative agreement between Trump and von der Leyen. The overall trade deal, which includes a 15 percent cap on tariffs for most EU exports into the US, is not final, as the European Commission pointed out in its announcement.

A tactic of deference and praise, along with a studied attempt to avoid any public blowups, coaxed President Trump into changes on key issues like Gaza and Ukraine.

France is calling on the European Union to pressure Israel to agree to a two-state solution with the Palestinians.

The preliminary deal imposes 15 percent tariffs on most E.U. goods, averts a trade war and leaves many details unresolved, including on wine and spirits. Here are industries on the line.

The U.S. dollar, off to a weak first half of 2025, was strengthening to begin week against a basket of global currencies, gaining ground after this weekend’s U.S.-EU trade deal.