Volkswagen and its employee representatives said they reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030.
The so-called core personal consumption expenditures price index, which excludes food and energy items, increased 0.1% from October and 2.8% from a year earlier.
Trump said on Truth Social that if the European Union does not up its imports, "it is TARIFFS all the way!!!" The US goods and services trade deficit with the EU was $131.3 billion in 2022.