Good evening. I'm Lisa Desjardin. John Yang is away. We are tracking two major stories tonight in Gaza and in Europe. We begin in Scotland where President Trump and the European Union announced a major trade deal between their two massive economies.

We were able to make a deal that's very satisfactory to both sides. It's very tremendously, it's a very powerful deal.

The framework for this preliminary deal includes a 15% general tariff on most EU goods entering the U.S.

A 50% tariff on steel and aluminum would remain in place.

In addition, Mr. Trump said the EU has agreed to buy some $750 billion in U.S. energy

and invest hundreds of billions of dollars more.

A much higher general tariff, 30% was due to go into effect later this week.

David Lynch is a global economics correspondent at the Washington Post.

He's also the author of the world's worst bet, how the globalization gamble went wrong,

and what would make it right. David, let's start, first of all, the U.S. is charging a 15%

tariff from this preliminary deal with the idea of easing the U.S. trade deficit with the

EU. What U.S. industries withstand to gain from this? Well, I think we should start by saying

this is really a bold departure from decades of U.S. trade policy that's been aimed at lowering

trade barriers. This new 15%

tariff or tax is something that American companies will have to pay to import European products.

So it's going to raise prices for some American customers. We don't know exactly to what extent, but prices will go up, not down.

Now, that will affect anybody who brings in any European good in the auto industry, in the aircraft

industry, you know, French wines, you name it.

This is going to affect anything that comes in from Europe.

And how about the reverse? The president likes to talk about the auto industry trying to make

gains in Europe. Does that seem feasible? Or what does the U.S. and what industries stand

to get to benefit there? Well, the problem, the president has complained frequently about

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