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
Headline Roundup
Binance Works to Recover Billions After What May Be the Largest Hack in History
October 31st, 2026
Headline Roundup
DEA Federally Registers Over 900 Medical Marijuana Dispensaries
October 30th, 2026
The Insight
Four Issues Defining the 2026 Midterms
AllSides Staff
October 30th, 2026
Story of the Week
Elections in Brazil, Israel, and Serbia
AllSides Staff
October 29th, 2026