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US and EU agree trade deal, says Donald Trump
- On July 27, 2025, U.S. President Donald Trump and the head of the European Commission, Ursula von der Leyen, announced a trade agreement during a meeting at Trump Turnberry golf club in Scotland.
- The deal followed months of escalating trade tensions and missed deadlines, notably the July 9 deadline after which Trump threatened to raise tariffs on EU goods from 10% to 30%.
- The agreement sets a 15% tariff on most EU goods, including automobiles, exempts steel and aluminum tariffs, and includes commitments of $750 billion in energy purchases and $600 billion in additional investments.
- Trump described the pact as "the biggest deal, people don't realize," while von der Leyen said, "It's a huge deal" that "will bring stability, it will bring predictability."
- The trade deal ends a prolonged standoff but requires approval from all 27 EU member states and signals ongoing trade talks amid possible future negotiations.
497 Articles
497 Articles
Trump comes out on top with EU tariffs deal, proving haters wrong and leaving some Europeans stunned
President Donald Trump set to work in April on radically transforming how trade is conducted internationally, unveiling a sweeping list of new tariffs targeting scores of nations — friendly and adversarial nations alike — that have long imposed higher fees on the U.S. than the U.S. has placed on them in return.Trump has in the months since received a lot of flak from liberals at home and abroad over this campaign to end the trend of foreign nati…
US-EU trade deal will raise costs for companies and consumers
FRANKFURT, Germany (AP) — 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 …
EU capitulates to Trump in vassal-state trade deal
European Commission President Ursula von der Leyen agreed to a framework deal with the US whereby the EU will be charged 15% tariffs on most imports, commit to purchasing US$750 billion in US energy exports and invest $600 billion in the US economy, some of which will be military purchases. US tariffs on EU steel and aluminum […] The post EU capitulates to Trump in vassal-state trade deal appeared first on Asia Times.
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