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President Donald Trump announced Sunday that the U.S. reached a trade
deal with the European Union, following pivotal discussions with
European Commission President Ursula von der Leyen days before the Aug.
1 tariff deadline.
Trump said that the deal imposes a 15% tariff on most European goods to
the U.S., including cars.
Some products, including aircrafts and their components, some chemicals
and pharmaceuticals, will not be subject to tariffs, von der Leyen said
in a briefing after the agreement was announced. She also said that the
new 15% tariff rate would not be added to any tariffs already in effect.
The 15% tariff rate is lower than the 30% rate Trump had previously
threatened against the United States’ largest trading partner, but
higher than the 10% baseline tariffs the EU was hoping for.
Trump said that the 27-member bloc also agreed to purchase $750 billion
worth of U.S. energy and invest an additional $600 billion worth of
investments into the U.S. above current levels.
He said that the bloc would also be “purchasing hundreds of billions of dollars worth of military equipment,” but did not provide a specific
dollar amount.
“It’s a very powerful deal, it’s a very big deal, it’s the biggest of all the deals,” Trump said Sunday alongside von der Leyen.
“It’s a good deal, it’s a huge deal, with tough negotiations,” von der Leyen said after the meeting.
While questions remain about the specific details and timeline of the EU investments, the agreement marks a pivotal moment for Trump, following
weeks of uncertainty surrounding the U.S.-EU trade talks.
https://www.cnbc.com/2025/07/27/trump-european-union-eu-trade-tariffs.htm
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