US-Europe trade deal: Trump, Von der Leyen ink deal moments before tariff deadline – What we know so far
Monday, 28 July 2025 () A last-minute agreement between the EU and the US has averted a major trade war, with tariffs on European goods capped at 15 percent, aligning with Japan's rate. The deal includes significant energy purchases from the US by the EU and increased US military equipment purchases by European countries.
U.S President Trump refused to lower tariffs for the European Union, finalizing a major trade deal that locks in a flat 15% duty on most EU imports. When asked if he could offer a “better” rate, Trump snapped: “Better? Meaning lower? No.”
European Commission President Ursula von der Leyen...
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Monday, 28 July 2025 ()
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