The United States and European Union have reached a framework trade deal that sets a 15% tariff on most EU goods entering the U.S., announced on July 27, 2025, following talks between President Donald Trump and European Commission President Ursula von der Leyen.
Key Highlights:
- 15% baseline tariff replaces the previously threatened 30% rate
- Applies to major sectors: automobiles, semiconductors, pharmaceuticals
- EU commits to:
- $750 billion in U.S. energy purchases
- $600 billion in additional U.S. investments
- Select goods (e.g. aircraft, chemicals, agricultural products) may receive zero-tariff treatment
- Steel and aluminum remain subject to 50% tariffs
- EU member states must still approve the deal; technical details to follow
Both sides hailed the agreement as a stabilizing move for transatlantic trade, which accounts for nearly 44% of global GDP.
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