Trump, EU Seal Trade Pact With Tariff Cut

President Donald Trump announced a trade agreement with the European Union that includes a 15% tariff on most EU goods entering the U.S., reduced from a previously threatened 30%, and an EU commitment to purchase $750 billion in U.S. energy over three years. Senate Minority Leader Chuck Schumer criticized the deal as 'fake' and argued that its benefits are unenforceable and illusory, warning of a potential $90 billion tax hike—a claim not substantiated by independent economists. The agreement is promoted by the White House as historic and transformative for American industry. Conservative commentator Bill O’Reilly accused Schumer of dishonesty and propagandizing. The trade deal has exposed internal divisions among Democrats on how to respond to Republican-led initiatives. The debate is unfolding against the backdrop of legislative standoffs and the threat of a government shutdown.