The tariffs reflect only the first results of the deal, especially the all-inclusive cap of 15%This reinforces stability for businessesEU exports can now benefit from a more competitive positionBut the work continuesAs a reminder, this is largely just a temporary framework that is set up to facilitate further negotiations between both sides. It is no comprehensive trade deal and the EU is mainly reaffirming that notion. For now, 15% tariffs will apply as both sides are playing nice - similar to what we see with the US and China.However, just be wary that things could still have the potential to go south especially if the EU continues to deem this as being an unfair agreement in the longer-term. That said, they could also be ready to just ride all of this out until Trump's term ends. This article was written by Justin Low at investinglive.com.