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The European Union (EU) is a political and economic union of 27 member states.
According to NBC News, the EU has reached a trade deal with the US, imposing a 15% tariff on most European goods. This agreement comes after 'tough negotiations' between US President Donald Trump and EU Commission President Ursula von der Leyen. The deal represents a significant development in the trade relations between the two economies, with the US importing about $606bn in goods from the EU and exporting around $370bn last year. A report provided further details on the trade agreement.