Trump and EU reached trade framework to avoid 30% tariffs, with EU committing $750B in energy purchases and $600B investment.

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.

President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal, after talks with European Commission President Ursula von der Leyen in Turnberry,

The U.S. and Europe strike a trade deal, averting a tariff dispute between the major allies:::: Turnberry, Scotland:: Trump: "So we have good news. We've reached a deal. It's a good deal for everybody,

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

Over the past few decades, Japan-based automaker Toyota has spent billions of dollars to expand its manufacturing and assembly plants in the United States. Those plants now employ over 64,000 people across North America and have churned out millions of vehicles.