EU reaches trade agreement with US, agrees to 15% tariff and increased investment in US

The EU and the US have reached an agreement to avoid a trade war, with the EU agreeing to accept a uniform tariff of 15% on most exported goods, including automobiles, and committing to purchase $750.00B of US energy products, make an additional $600.00B in investments in the US, open markets, and procure US military equipment. The full terms of the agreement have not yet been released, and the two sides still have disagreements on some details. [Bloomberg]