The US and EU have struck what is being billed as the largest trade deal in history, after talks in Scotland.
It actually resembles the framework for an agreement rather than a full trade deal, with details still unclear.
But the headline figures announced by President Donald Trump and EU chief Ursula von der Leyen do offer clues about which sectors and groups could be hit hardest or have most to gain.
Trump - winner
After promising new trade deals with dozens of countries, Trump has just landed the biggest of them all.
It looks to most commentators that the EU has given up more, with instant analysis by Capital Economics suggesting a 0.5% knock to GDP.
There will also be tens of billions of dollars pouring into US coffers in import taxes.
Related Coverage
AllSides Picks
The Insight
The Insight: How Much Are Trade Battles Costing You?
AllSides Staff
September 11th, 2026
Headline Roundup
Trump Announces US Security Agreement With Denmark and Greenland
September 19th, 2026
News
The European Conservative Shuts Down as Hungarian Government Nationalizes Assets
Andy Gorel
September 20th, 2026
The Insight
The Insight: Did Ed Sheeran and Macklemore Just Bring Back Cancel Culture?
AllSides Staff
September 18th, 2026
More News about Trade
News from the Left
News from the Center
News from the Right
CNN Business
Fox Business