“While the deal has avoided a much worse outcome for now, it remains to be seen whether it will last,” said Jack Allen-Reynolds, Deputy Chief Euro-zone Economist of Capital Economics, adding that Ger...

European Commission President Ursula von der Leyen on Sunday said a U.S. baseline tariff rate of 15% on imported EU goods would apply to cars, semiconductors and pharmaceutical goods.

“There is no guarantee, there are still key details to be agreed,” said one of the people, adding that the final decision would hinge on the two presidents: “Ultimately this will come down to the two ...