US and EU reach trade deal
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President Donald Trump and EU Commission President Ursula von der Leyen announced a trade deal framework setting a 15% baseline tariff on most EU goods, down from Trump's planned 20% tariff.
US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.
"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."