The Europe trade deal will see the U.S. impose a 15% import tariff on most EU goods − half the threatened rate but much more than Europeans hoped for.

The energy deal is a centerpiece of the trade agreement reached between Washington and Brussels on Sunday, which puts baseline U.S. tariffs at 15% for most European goods. The EU has agreed to buy $250 billion worth of U.S. oil, gas and nuclear fuels per year for three years, European Commission President Ursula von der Leyen said.