US President Donald Trump joined hands with the European Commission Ursula von Der Leyen on July 27, 2025 after the announcement of a trade deal between the US and the European Union in Scotland.
Evelyn Hawkstein | Roots
chairman Donald Trump On Sunday announced that America reached a trade agreement European UnionAfter decisive discussion with European Commission Chairman Ursula von deer leyen Tariff deadline on the first day before 1 August.
Trump said the deal imposes 15% tariffs on most European goods for the US including cars.
Some products, including aircraft and their components, some chemicals and pharmaceuticals, would not be subject to tariffs, von deer Leyen said in a briefing after the announcement of the agreement. He also said that the new 15% tariff rate will not be added to any tariff already.
15% tariff rate is lower 30% rate Trump had earlier threatened the United States’s largest trading partner, but the European Union was expected more than 10% baseline tariffs.
Trump said the 27 -member block also agreed to buy US energy of $ 750 billion and invest an additional $ 600 billion in the US above the current levels.
He said that the block would also “buy hundreds of billions of dollars of military equipment”, but did not provide a specific dollar amount.
Trump said on Sunday with Von Der Leyen on Sunday, “This is a very powerful deal, it’s a very big thing, it is the greatest of all deals.”
“This is a good deal, it’s a great thing with a tough conversation,” Von Der Leyen said after the meeting.
While questions about the specific details and timelines of the European Union investments, the agreement marks a significant moment for Trump after weeks of uncertainty around the US-EU trade talks.
Trump during a press conference Before his meeting with European leader Said that there was one 50-50 probability They will reach a deal structure.
Brussels was preparing for one No-deal landscape If the trade negotiations developed before 1 August.
MPs had approved a major package of counter-tariffs, which would have targeted a range of American goods. The block also considered deploying the European Union “.Anti-inhibitionA step seen as “Trade Bajukka” of “Trading Blocks”.
European leaders react
European leaders were in a hurry to appreciate the agreement amid relief that the block had avoided the trade war, but some took care about the terms of the deal.
Ireland Prime Minister Michael Martin said the agreement “brings clarity and prediction to business relations between the European Union and the US,” according to A statement,
The Department of TaCich in Ireland said, “This means that there will now be more tariffs than there and this will affect trade between the European Union and the US, making it more expensive and more challenging.”
Nevertheless, the compromise “creates a new era of stability,” the statement continued.
German Chancellor Frederick Merz welcomed the new agreement citing benefits in the country’s auto industry.
He said, “The European Union-American talks on tariffs have been saved from a trade struggle with an agreement, which will barely affect the export-oriented German economy,” he said in A. statement,
He said, “This is especially true for the auto industry, for which the current tariff of 27.5% was reduced to about 15%. Especially the decrease in quick tariffs here is very important,” he said.
Netherlands Prime Minister Dick Shuf said, one in Post on X Sunday, that “no tariff is better,” but probably praised the European Commission for achieving the best agreement.
He said that the deal “provides more clarity to our businesses and brings more market stability.”
Italian government leader, including Prime Minister Georgia Meloni, A statement issued The saying that the deal helps to avoid “a direct conflict between the two sides of the Atlantic”, and “guarantees stability” between the US and the European Union.
The statement also stated that Italy considered tariffs as “durable” at 15%, if it is included, and not except for the previous tariff.
The US-EU trade relationship was priced at 1.68 trillion euros ($ 1.97 trillion), when in 2024, keeping in mind both services and trading of goods, European Union.
While the European Union recorded a surplus on goods trade, it noted the deficit of services. It left the European Union with a overall trade surplus of about 50 billion euros with the US last year.
, Terry Kulen of CNBC contributed to this report.
