The European Union's trade agreement with the Trump administration is getting mixed reviews. EU officials say they warded off a total economic disaster. But French officials in particular say the EU punched below its weight while economists say the deal is dangerously vague.

The deal leaves Europe with a 15% tariff on most goods imported into the U.S., with some goods categories tariff-free, but no agreement on rates for key areas such as pharmaceuticals and steel.

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by Aug. 1.

The tariffs, or import taxes, paid when Americans buy European products could raise prices for U.S. consumers and dent profits for European companies and their partners who bring goods into the country.

Chinese online retailer Temu was accused by European Union watchdogs on Monday of failing to prevent the sale of illegal products on its platform.

The preliminary findings follow an investigation opened last year under the bloc's Digital Services Act. It's a wide-ranging rulebook that requires online platforms to do more to keep internet users safe, with the threat of hefty fines.

The finance and budget committee approved Monday the banking reform law, MP Ibrahim Kanaan, head of the committee, said after a 6-hour meeting.

Kanaan assured Lebanese depositors that their money will not be touched. "Everyone knows how the money was squandered and how it was distributed between the government, the Central Bank, and the banks," he said, adding that depositors will be protected.

When top U.S. and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world's two largest economies, analysts say.

Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to hold talks Monday for the third time this year — this round in the Swedish capital, nearly four months after President Donald Trump upset global trade with his sweeping tariff proposal, including an import tax that shot up to 145% on Chinese goods.

World stock markets advanced higher Monday after the European Union worked out a trade deal with the Trump administration ahead of this week's Aug. 1 deadline.

Investors were focusing on trade talks between U.S. and Chinese officials in Stockholm, Sweden.

President Donald Trump took to social media Thursday morning to support Elon Musk's car company, a startling development given their bitter public feud.

"I want Elon, and all businesses within our Country, to THRIVE," Trump wrote on Truth Social.

The prime ministers of Britain and India sealed a hard-wrought trade agreement on Thursday that will slash tariffs on products including Scotch whisky and English gin shipped to India and Indian food and spices sent to the U.K.

Keir Starmer and Narendra Modi met at Chequers, the British leader's official country residence outside London, where the U.K. and Indian trade ministers, Jonathan Reynolds and Piyush Goyal, formally signed the agreement.

Wall Street was on track to open with gains on Friday, adding to record highs ahead of next week's busy slate of earnings, job market reports and the tariff deadline.

Futures for the S&P 500 and the Dow Jones Industrial Average both were up 0.1% before the bell. Nasdaq futures were flat.

A Saudi delegation visiting Damascus on Wednesday sealed investment and partnership deals valued at more than $5 billion to help rebuild war-battered Syria, the oil-rich Gulf kingdom announced.