In a 3-1/2-page joint statement, the two sides spelled out that 15% U.S. tariffs would apply to most EU imports and listed the commitments made, including the EU's pledge to eliminate tariffs on U.S.

The EU-US trade agreement is poised to cut the US import tax on cars from the EU from 27.5% to 15%. However, details released Thursday reveal that the lower rate won’t take effect until the EU takes separate action to reduce its own tariffs on US goods.

America’s largest retailer, Walmart is raising prices because of tariffs. CEO Doug McMillon said that tariffs have created pressures for the company and it’s seeing its “costs increase each week.” CNN’s Vanessa Yurkevich reports.

Walmart shows strong growth after Trump’s tariffs, outperforming rivals with sales gains, e-commerce expansion, and resilient consumer demand.

The import tariffs imposed by US President Donald Trump are increasingly causing difficulties for US supermarket giant Walmart, chief executive Doug McMillon said on Thursday. "As we replenish inventory at post tariff price levels,