The US and European Union reach a landmark trade agreement.
It delivers stability and predictability for citizens and businesses on both sides of the Atlantic.
Plus Samsung and Tesla agree to a multi-billion dollar chip supply deal.
And Israel pauses military activity in Gaza to allow in humanitarian aid.
It's Monday, July the 28th.
I'm Azhar Sukri for the Wall Street Journal.
Here is the AM edition of What's News,
the top headlines and business stories moving your world today.
Certainty in uncertain times.
That's how European Commission President Ursula von der Leyen described the agreement the world's two biggest trade partners reached yesterday.
It is the largest deal President Trump has announced so far
as he tries to remake the global trading system.
We are agreeing that the tariff straight across for automobiles and everything else will be a straight across tariff of 15%.
In return,
the EU has agreed to buy US energy products and invest $600 billion in the US Our Brussels reporter Kim McRaeil has been following the talks.
Kim, explain to us what has been agreed and just how consequential this deal is.
So I think the basic framework for this idea,
and I have to mention we don't have anything in writing at this point,
so really all of what we understand about what was agreed to is based on what the two leaders,
President Trump and the European Commission's President Ursula von der Leyen said last night.