TACO or tariffs? An August 1 deadline looms after the European Union became the latest of the top US trading partners to reach a deal with Trump.

Cheniere Energy shares were higher ahead of today's session following a trade deal between the U.S. and the European Union.

The United States and the European Union agreed Sunday to a trade framework setting a 15% tariff on most goods, staving off -- at least for now -- far higher imports on both sides that might have sent shock waves through economies around the globe.

The U.S. and the EU reached a sweeping trade framework on July 27th in which the U.S. will impose 15% tariffs on on most goods imported from the EU.