Dhaka, July 28 -- A major trade agreement between U.S. President Donald Trump and European Commission President Ursula von der Leyen has helped avoid a deeper conflict by setting a 15% tariff on most European imports, instead of the 30% Trump had threatened if no agreement was reached by August 1. While the deal prevents a trade war, it will still increase costs for U.S. consumers and reduce profits for European exporters due to higher import taxes. Key Takeaways From the Agreement: Major Uncertainties Remain The announcement, made during Trump's visit to Scotland, lacks specifics. A 15% tariff will apply to most EU imports into the U.S., including vehicles, semiconductors, and pharmaceuticals. This is lower than the previously proposed r...