US and EU reach a trade deal that sets 15% across-the-board tariffs and pledges hundreds of billions in investments
Sunday, 27 July 2025 () President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to iron out a US-EU trade deal. Without an agreement, the EU was due to get hit with a 30% tariff rate on Aug. 1, up from the current “reciprocal” duty of 10%. Last week, Trump reached a trade…
Von der Leyen and Trump strike EU-US trade deal with 15% tariff for the bloc
The trade deal will introduce a 15% tariff for the vast majority of EU products. But some will benefit from a "zero-for-zero" scheme.
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Sunday, 27 July 2025 ()
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