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impose a 15% import tariff on most EU goods, averting a spiralling battle between two allies which account for almost a third of global trade.Although the deal is better than the 30% rate threatened by Trump and will bring clarity for European makers of cars, planes and chemicals, the 15% baseline tariff is well above initial hopes of a zero-for-zero agreement. It is also higher than the U.S. import tariff rate last year of around 2.5%."Those who expect a hurricane are grateful for a storm," said Wolfgang Große Entrup, head of the German Chemical Industry Association VCI, calling for more talks to reduce tariffs that he said were "too high" for Europe's chemical industry."Further escalation has been avoided. Nevertheless, the price is high for both sides. European exports are losing competitiveness. U.S. customers are paying the tariffs."The deal, which also includes $600 billion of EU investments in the United States and $750 billion of EU purchases of U.S. energy over Trump's second term, includes some exemptions, even if details are still to be ironed out.Carmakers Volkswagen and Stellantis, among others, will face the 15% tariff, down from 25% under the global levy imposed by Trump in April.Stellantis shares rose 3.5% and car parts maker Valeo was up 4.7% in early trade. German pharma group Merck KGaA gained 2.9%.Aircraft and aircraft parts will be exempt - good news for French planemaker Airbus - as will certain chemicals, some generic drugs, semiconductor equipment, some farm products, natural resources and critical raw materials.Shares in the world's biggest chip maker ASML rose more than 4%, among the biggest gainers on the pan-European STOXX 600 index.STILL TO BE NEGOTIATEDDutch brewer Heineken cheered the deal, with CEO Dolf van den Brink welcoming the certainty it brought.The world's No.2 brewer sends beer, especially its namesake lager, to the U.S. from Europe and Mexico, and has also suffered from the indirect effect on consumer confidence in important markets like Brazil.The rate on spirits that could impact firms such as Diageo, Pernod Ricard and LVMH, is still being negotiated though."It seems that in coming days there could be negotiations for certain agricultural products, zero for zero, which is what the European and U.S. sectors have been calling for," said Jose Luis Benitez, director of the Spanish Wine Federation.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,444.75 +19.75 (+0.31%)Dow Futures45,171.00 +87.00 (+0.19%)Nasdaq Futures23,537.25 +116.00 (+0.50%)Russell 2000 Futures2,284.50 +13.20 (+0.58%)VIX15.15 +0.22 (+1.47%)Gold3,334.70 -0.90 (-0.03%)PortfolioSign in to access your portfolioSign inTop gainersFIX Comfort Systems USA, Inc. 688.74 +125.91 (+22.37%)LYEL Lyell Immunopharma, Inc. 12.42 +2.01 (+19.31%)GNTX Gentex Corporation 27.42 +3.82 (+16.19%)NEGG Newegg Commerce, Inc. 34.31 +3.60 (+11.72%)DECK Deckers Outdoor Corporation 116.85 +11.91 (+11.35%)Top losersLBRDA Liberty Broadband Corporation 70.06 -16.58 (-19.14%)LBRDK Liberty Broadband Corporation 70.22 -16.53 (-19.05%)CHTR Charter Communications, Inc. 309.75 -70.25 (-18.49%)SNV Synovus Financial Corp. 49.61 -7.11 (-12.54%)PNFP Pinnacle Financial Partners, Inc. 91.56 -12.60 (-12.10%)Most activeINTC Intel Corporation 20.70 -1.93 (-8.53%)TSLA Tesla, Inc. 316.06 +10.76 (+3.52%)NVDA NVIDIA Corporation 173.50 -0.24 (-0.14%)LCID Lucid Group, Inc. 2.9200 -0.0700 (-2.34%)WBD Warner Bros. 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