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On the 27th, local time, President Trump announced that the US and European Union have an agreement on trade. As part of this deal, a 15% tariff will be added to goods imported from the EU to the US.

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Trump plans to send out tariff notices to more than 150 countries, sticking to a one-size-fits-all style. The U.S. and India are getting close to an agreement, and Indonesia has already become the first to lower tariffs through a deal. U.S. stocks moved up and down during the day but finished a bit higher.