The agreement between the United States and the European Union has prevented the outbreak of a full-blown trade war between the world's two largest economies. While the outcome brought temporary relief, few are in a celebratory mood. The new framework, which imposes a base tariff of 15% on most European products entering the US, is significantly higher than the 10% tariff introduced in April, and a far cry from the 1.2% average prior to the Trump presidency. As CNN reports, tensions peaked in late May when Trump, frustrated with the course of negotiations with the EU, unilaterally declared that "talks are over" and imposed 50% tariffs directly from the Oval Office. "I'm not looking for a deal," he said at the time, shocking Brussels. However, European Commission President Ursula von der Leyen, with whom Trump maintains a warm relationship, contacted him and pledged that the EU would act "immediately and decisively." Her response...