The United States and the European Union have reached a trade framework agreement involving tariffs on imports. The U.S. will impose a 15% tariff on most EU goods, including autos, pharmaceuticals, semiconductors, and lumber. In exchange, the EU commits to removing tariffs on U.S. industrial products and offers better market access for seafood and agriculture. The deal also includes a plan for the U.S. to reduce tariffs on cars and parts after EU legislation is enacted. Leaders called the agreement historic and potential for future expansion.