President Donald Trump unveiled a trade agreement with the European Union on Sunday, making it the latest in a series of accords as the White House threatens to slap tariffs on dozens of countries this week.

German auto companies embraced greater clarity but warned that even the lower rate of tariffs agreed between Brussels and Washington would still hurt.

President Donald Trump announced a trade deal with the European Union on Sunday after EU Commission President Ursula von der Leyen said it took "heavy lifting."

President Trump met with top European officials demanding fairer trade with the 27-member European Union at his golf course on the Scottish coast.

President Donald Trump announced 15% tariffs on most goods from the European Union, down from the threatened 30%, as part of a trade agreement .

The European Union's trade agreement with the Trump administration is getting mixed reviews. EU officials say they warded off a total economic disaster. But French officials in particular say the EU punched below its weight while economists say the deal is dangerously vague.

President Trump ranked agriculture second, behind automakers, as the industry that will benefit the most from the trade deal with the European Union. Trump and European Commission President Ursula von

Europe's major stock markets made modest gains while the euro fell in early trading on Monday as investors greeted a trade agreement between the United States and European Union with cautious relief.