Awaited trade deal amid global trade tensions

European Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese signed a deal which will slash tariffs between the trading partners, in Canberra on Tuesday
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Sydney –
Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all European goods and for nearly all exports of Australian ​critical minerals.The agreement comes after both sides stepped up talks in the wake of ‌significantly higher ‌U.S
tariffs under the administration of President Donald Trump
The two sides also signed an ​agreement to boost security and defense ties."The EU and Australia may be geographically far apart but we couldn't be closer in terms of how we see the world," European Commission President Ursula von ⁠der Leyen said in a statement.

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