The US president has touted an agreement with the bloc after months of tense tariff negotiations
The European Union has agreed to a sweeping trade deal with the United States that will see most of its exports to America face a baseline tariff of 15%, averting what both sides had warned could be a devastating transatlantic trade war.
The agreement was finalized on Sunday during a high-stakes meeting between US President Donald Trump and European Commission President Ursula von der Leyen at Trump’s Turnberry golf resort in Scotland. The two leaders hailed the pact as a “powerful” and “stabilizing” breakthrough after months of escalating tensions.
”We have a deal,” von der Leyen told reporters after the 40-minute talks. “It brings stability and predictability.” Trump called the outcome “the biggest of all the deals,” saying, “It solves a lot of stuff. It was a great decision.”
Read more EU poised to retaliate over US tariffs – mediaThe deal imposes a 15% tariff on EU goods entering the US, including automobiles, pharmaceuticals, and semiconductors – sectors previously threatened with steeper tariffs of up to 30% or 50%. EU-produced cars had been facing a 25% tariff, with steel and aluminum products subject to rates as high as 50%. The new agreement replaces those levies with a uniform 15% baseline.
Von der Leyen clarified that the 15% rate was “all-inclusive,” although Trump suggested pharmaceuticals may be subject to separate review. “We have to have them made in the United States,” he said, stressing the need to avoid reliance on foreign suppliers.
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