The US and EU have reached a trade framework agreement, under which the US will impose a 15% tariff on most EU goods. The announcement was made by US President Donald Trump and European Commission President Ursula von der Leyen.Trump described this as the largest agreement ever, with the EU planning to invest over USD600 billion in the US and sharply raise purchases of US energy and military equipment. He added that the agreement will also expand transatlantic ties.Related NewsInitial Jobless Claims for Jul/26 in United States is 218K, higher than the previous value of 217K. The forecast was 224K.Meanwhile, von der Leyen said the 15% tariff is the best agreement the EU could achieve, and the US will retain 50% of steel and aluminum tariffs. The EU has requested continued discussions on steel and aluminum tariffs, attempting to set a quota system.In the coming years, the EU will purchase USD750 billion in US energy and hundreds of billions in military equipment. US officials stated that the US has the right to hike tariff rates if EU countries fail to fulfill investment commitments.