Donald Trump announces trade deal with EU; to see 15 pc tariffs across the board

Updated On: 28 July, 2025 11:43 AM IST | ronak mastakar

The United States and the European Union agreed on Sunday to a trade framework setting a 15 per cent tariff on most goods, staving off, at least for now, far higher imports on both sides that might have sent shockwaves through economies around the globe. (Pics/AFP)

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<p>The sweeping announcement came after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump`s Turnberry golf course in Scotland. Their private sit-down culminated months of bargaining, with the White House deadline Friday nearing for imposing punishing tariffs on the EU`s 27-member countries</p>

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The sweeping announcement came after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump`s Turnberry golf course in Scotland. Their private sit-down culminated months of bargaining, with the White House deadline Friday nearing for imposing punishing tariffs on the EU`s 27-member countries

<p>"It was a very interesting negotiation. I think it`s going to be great for both parties," Trump said. The agreement, he said, was "a good deal for everybody" and "a giant deal with lots of countries"</p>

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"It was a very interesting negotiation. I think it`s going to be great for both parties," Trump said. The agreement, he said, was "a good deal for everybody" and "a giant deal with lots of countries"

<p>Von der Leyen said the deal "will bring stability, it will bring predictability, that`s very important for our businesses on both sides of the Atlantic"</p>

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Von der Leyen said the deal "will bring stability, it will bring predictability, that`s very important for our businesses on both sides of the Atlantic"

<p>As with other, recent tariff agreements that Trump announced with countries including Japan and the United Kingdom, some major details remain pending in this one</p>

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As with other, recent tariff agreements that Trump announced with countries including Japan and the United Kingdom, some major details remain pending in this one

<p>Trump said the EU had agreed to buy some USD 750 billion worth of U.S. energy and invest USD 600 billion more than it already is in America, as well as make a major military equipment purchase. He said tariffs "for automobiles and everything else will be a straight across tariff of 15 per cent" and meant that U.S. exporters "have the opening up of all of the European countries"</p>

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Trump said the EU had agreed to buy some USD 750 billion worth of U.S. energy and invest USD 600 billion more than it already is in America, as well as make a major military equipment purchase. He said tariffs "for automobiles and everything else will be a straight across tariff of 15 per cent" and meant that U.S. exporters "have the opening up of all of the European countries"

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Von der Leyen said the 15 per cent tariffs were "across the board, all inclusive" and that "indeed, basically the European market is open"

<p>At a later news conference away from Turnberry, she said that the USD 750 billion in additional US energy purchases was actually over the next three years and would help ease the dependance on natural gas from Russia among the bloc`s countries</p>

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At a later news conference away from Turnberry, she said that the USD 750 billion in additional US energy purchases was actually over the next three years and would help ease the dependance on natural gas from Russia among the bloc`s countries

<p>"When the European union and the United States work together as partners, the benefits are tangible," Von der Leyen said, noting that the agreement "stabilized on a single, 15 per cent tariff rate for the vast majority of EU exports" including cars, semiconductors and pharmaceuticals. "15 per cent is a clear ceiling," she said</p>

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"When the European union and the United States work together as partners, the benefits are tangible," Von der Leyen said, noting that the agreement "stabilized on a single, 15 per cent tariff rate for the vast majority of EU exports" including cars, semiconductors and pharmaceuticals. "15 per cent is a clear ceiling," she said

<p>But von der Leyen also clarified that such a rate wouldn`t apply to everything, saying that both sides agreed on "zero for zero tariffs on a number of strategic products," like all aircraft and component parts, certain chemicals, certain generic drugs, semiconductor equipment, some agricultural products, natural resources and critical raw materials</p>

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But von der Leyen also clarified that such a rate wouldn`t apply to everything, saying that both sides agreed on "zero for zero tariffs on a number of strategic products," like all aircraft and component parts, certain chemicals, certain generic drugs, semiconductor equipment, some agricultural products, natural resources and critical raw materials

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Donald Trump announces trade deal with EU; to see 15 pc tariffs across the board

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Bliss by the beach