Trump Announces ‘Biggest-Ever' Trade Deal With European Union, Levies 15% Tariffs On Imports

News18

28-07-2025

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Donald Trump announced a trade deal with the European Union on Sunday, under which the US will impose 15% tariffs on the EU imports.
The United States announced the 'biggest-ever" trade deal with the European Union on Sunday (local time), under which a 15% tariff would be levied on EU exports to the US.
The deal was struck during a meeting of US President Donald Trump and European Commission President Ursula von der Leyen at his golf resort in Scotland, as the deadline of August 1 to avoid an across-the-board US tariffs of 30% on European goods approaches.
'We've reached a deal. It's a good deal for everybody. This is probably the biggest deal ever reached in any capacity," news agency AFP quoted Trump as saying.
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— The White House (@WhiteHouse) July 28, 2025
Announcing the tariffs, Trump said that the 15% tariffs would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
As part of the deal, the 27-nation EU bloc will purchase '$750 billion worth of energy" from the United States, Trump said, adding that they will also make additional investments of $600 billion.
Von der Leyen said that the EU would make large purchases of US liquefied natural gas, oil, and nuclear fuel over the next three years, as part of its effort to reduce reliance on energy from Russia.
Leyen, who negotiated the deal on behalf of the EU's 27 countries, had been working hard to save the trade relationship with the US, which is worth $1.9 trillion a year in goods and services.
'It's a good deal. It will bring stability. It will bring predictability. That's very important for our businesses on both sides of the Atlantic," she told reporters.
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