President Donald Trump announced a trade agreement on Sunday with the European Union that would lower tariffs to 15%, ending what had been months of uncertainty surrounding trade with the United States’ largest trade partner.

President Trump and European Commission President Ursula von der Leyden struck a major trade deal ahead of the Trump administration’s August 1st tariff pause deadline. The deal includes hundreds of billions of European investment in American energy,

In remarks before the session, Trump pledged to change what he characterized as “a very one-sided transaction, very unfair to the United States.” “I think the main sticking point is fairness,” he said while also noting,