As a block, the European Union is the biggest U.S. trade partner, which is now to be guided by the number 15.

I'm David Brancaccio in Los Angeles. Last week, the U.S. EU trade deal was painted with a broad brush, but now we're getting some finer detail, with taxes on most European imports, capped 15 percent. Marketplace's Henry Ep reports.

What's new is that 15 percent cap will apply to pharmaceuticals and semiconductors, according to an

EU official quoted in Reuters. The U.S. is still investigating imports of both prescription

drugs and computer chips from across the globe. The result of that probe

could lead the Trump administration to impose higher taxes on imports of those items, but for

drugs and chips made in the EU, that tax won't be any higher than 15%. Under the trade framework,

European cars and car parts will also face a 15% tariff that's down from the current

27 and a half percent charge, which the Trump administration imposed earlier this year.

Major exceptions to the cap for now are European steel and aluminum.

Meanwhile, the European Commission announced Monday that it will delay a set of retaliatory

tariffs on U.S. goods for six months to give the sides time to finalize a deal.

Those measures had been set to take effect on Thursday.

European officials have said they're working with the U.S. to release a joint statement outlining the trade agreement.

I'm Henry App for Marketplace.

Amazon stock is down more than 9% in the two trading

days that followed its quarterly results. Profits beat expectations, but there were hints of

slower growth ahead for Amazon's remote computing for higher business. Amazon is putting more

money into its cloud computing business and more into developing artificial intelligence for all its products.

Marketplaces Kristen Schwab has more.

When you think of Amazon, what first comes to mind?

I will think of Amazon as a tech company.

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