President Donald Trump announced Sunday, July 27, 2025 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.
See full here: https://www.cnbc.com/2025/07/27/trump-european-union-eu-trade-tariffs.html
