Trump, European Union reach trade deal
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6hon MSN
Commerce Secretary Lutnick celebrates Trump's 'monster' EU trade deal as 'huge' win for America
Commerce Secretary Howard Lutnick discusses the significance of the U.S. and EU agreeing to a trade deal on 'Special Report.'
The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.
Pact removes a major risk for markets and the global economy, given the transatlantic partners did $2 trillion worth of cross-border commerce in 2024.