EU-US tariffs: five key takeaways from the trade deal

Donald Trump and Ursula von der Leyen announced a deal on Sunday, but questions remain over what the finished picture will be

Donald Trump has announced a deal with the EU imposing tariffs of 15% on most goods entering the US from Europe and requiring the bloc to make huge investments in US energy products, averting a trade war between the two of the world's largest economies.

Though the 15% rate is half of what Trump had threatened, many will be disappointed by it. When the UK accepted tariffs of 10% in its trade deal with the US in May, it was widely reported that European leaders considered it to be a bad deal.