President Trump and EU President Ursula von der Lynen announced on Sunday that they reached an outline of a Cooperation Agreement on Reciprocal, Fair and Balanced Trade. This is the Trump Administration’s fifth agreement to date, along with the UK, Japan, Indonesia, and Vietnam, which is still far short of the “90 deals in 90 days” goal of the Administration.  Under a “no deal” scenario, the EU would face 30 percent tariffs in the U.S., a level that the EU said would jeopardize transatlantic trade. Under the agreement, the EU will remove significant tariffs, including the elimination of all EU tariffs on U.S. industrial goods. The EU will pay the United States a tariff rate of 15 percent on all goods, incl...