The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.

Under the proposal described to AFP, the EU would commit to ramp up purchases of US liquefied natural gas, along with other investment pledges.

Ahead of August tariff deadline, Trump cuts rates for European imports while US exports will be tariff-free

President Donald Trump and European Commission President Ursula von der Leyen met for a pivotal discussion before Trump's Aug 1. tariff deadline.

Trump said the EU will invest $600 billion in the U.S. and buy $750 billion worth of U.S. energy products.

President Donald Trump announced 15% tariffs on most foreign goods from the European Union, down from the threatened 30%, as part of a trade agreement .

US President Donald Trump and EU chief Ursula von der Leyen confirm the deal after "tough negotiations" in Scotland.

The deal staves off, at least for now, far higher imports on both sides that might have sent shockwaves through economies around the globe.

The US president told reporters the deal involved a baseline levy of 15% on EU exports to the US. The agreement came as the clock ticked down on an August 1 deadline for the EU to…

US president and his EU counterpart strike sweeping 15 percent tariff deal to stabilise transatlantic trade.

TURNBERRY, Scotland: The US struck a framework trade agreement with the European Union on Sunday, imposing a 15 percent import tariff on most EU goods — half the threatened rate —…

TURNBERRY, Scotland: The US struck a framework trade agreement with the European Union on Sunday, imposing a 15 percent import tariff on most EU goods — half the threatened rate —…

Donald Trump and Ursula von der Leyen announced a deal on Sunday, but questions remain over what the finished picture will be

The U.S. and EU on Sunday announced a trade agreement, including a 15% tariff rate.

European stocks were poised to rise on Monday as a deal between the US and European Union appeared to head off the risk of a damaging transatlantic trade war.

EU will pay 15% tariffs and buy hundreds of billions of dollars in energy products and military equipment from US.

The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.

Economists say the president's import taxes could result in higher prices for a range of products in the US.

The U.S. has managed to make only eight deals in 120 days, including one with the 27-member European Union.