EU and US agree trade deal
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The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
Trump had most recently threatened tariffs of 30% on imports from the European Union. But on Sunday, he met with the president of the European Commission, and they agreed to a lower level.
Gold prices steadied on Monday, with gains curbed by improved risk sentiment following a trade deal between the United States and the European Union, while investors looked forward to the U.S. Federal Reserve's policy meeting later this week.