WBUR Podcasts, Boston.

This is On Point. I'm Megna Chakrabardi.

Thank you very much. So we have good news. We've reached a deal. It's a good deal for everybody, I believe.

And it's, I think you were saying this is probably the biggest deal ever reached in any capacity, trade or beyond trade.

It is.

It's a giant deal with lots of countries.

Well, after months of wrangling, the United States and the European Union have a trade

and tariff agreement.

President Donald Trump there made the announcement last week in Turnbury, Scotland,

sitting next to European Commission President Ursula von der Leyen.

We have a trade deal between the two largest economies in the world.

And it's a big deal.

It's a huge deal.

It will bring stability.

It will bring predictability.

That's very important for our businesses on both sides of the Atlantic.

But the EU's 27 member nations made some big compromises in this big agreement, such as a 15% tariff on nearly all EU exports to the United States. France's prime minister, Francois, Beiru, called it a, quote,

dark day for Europe. German Chancellor Friedrich Mertz said the deal could cause, quote,

significant damage to his country's economy.

And according to reporting by Politico EU, French President Emmanuel Macron told France's Council of Ministers that, quote,

In order to be free, you have to be feared. We weren't feared enough.

End quote. Well, European Commission President von der Leyen

...