US, EU reach an ‘across the board’ agreement on tariffs

The US and the Eu reached a tariff deal after a brief meeting between President Donald Trump and European Commission chief Ursula von der Leyen. A White House deadline was days away for imposing punishing import taxes on the 27-member E.U., which is America’s leading global trading partner.

“It was a very interesting negotiation. I think it’s going to be great for both parties,” Mr. Trump said.

The make-or-break talks were meant to head off trade penalties — and promised retaliation from Europe — that could have sent shock waves through economies around the globe.

Mr. Trump and Ms. Von der Leyen held private talks at one of Mr. Trump’s golf courses in Scotland, then emerged a short time later saying they had reached an “across the board” agreement.