The Economist.

Hello, you're listening to the free edition of the World In Brief from The Economist.

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

If you're already an Economist subscriber,

visit Economist.com slash espresso,

or visit our Espresso app to start listening.

Here's today's free edition.

This is The World in Brief from The Economist.

Our top story is, World In Brief, from The Economist. Our Top Stories

Donald Trump announced a trade deal with the European Union,

avoiding a transatlantic tariff war

after meeting Ursula von der Leyen,

the president of the European Commission,

at his Turnberry Gulf Resort in Scotland. The agreement includes a 15% tariff on most EU goods, half the rate

Mr. Trump had threatened, and European commitments to buy American energy and military equipment.

The White House demanded dramatically lower interest rates

ahead of the Federal Reserve's meeting this week,

escalating pressure on Jerome Powell, the chair.

Mr. Trump's officials accused Mr. Powell of acting too slowly

and criticized a $2.5 billion renovation of the Fed's headquarters.

The President once rates slashed from 4.25 to 4.5% to 1%.

The Fed is expected to hold rates steady.

...