Europe and the U.S. firmed up their trade deal The E.U. and the U.S. stepped away from a trade war when they announced a tariff deal last month. But that was just a handshake arrangement. For weeks, negotiators have been hammering out the details, and yesterday they released the specifics. The backbone of the deal remains unchanged, with the U.S. imposing a 15 percent tariff on most goods from the bloc. That covers pharmaceuticals — Europe’s No. 1 export to the U.S. — which will remain taxed at 15 percent even after the U.S. finalizes an expected set of tariffs for foreign-made medicines that could be as high as 200 percent. Cars are more complicated. Under the newly fleshed-out details, high U.S. tariffs on European vehicles will stay in place until the E.U. introduces legislation to lower its levies on many U.S. products. European automakers have struggled under the current U.S. tariff rate of 27.5 percent. Takeaway: Jeanna Smialek, our Brussels bureau chief, told me that officials in Europe reacted to the terms, outlined in a joint statement, with “a sense of muted relief, because the deal looks essentially as expected, and having it written down grants businesses across the bloc some degree of certainty that things will not be totally upended again.”