US President Donald Trump is shaking palms with European Fee President Ursula von der Leyen, following a industrial deal between the US and the EU, in Turnberry, Scotland, on July 27, 2025.
Evelyn Hokstein | Reuters
President Donald Trump introduced on Sunday that the USA has reached a commerce take care of European UnionAfter a serious dialogue with the President of the European Fee Ursula von der Leyen Days earlier than the Tariffs Protection on August 1st.
Trump mentioned the deal imposes a 15% tariff for many European items in the USA, which is smaller than 30% percent he He had beforehand threatened towards the most important buying and selling associate in the USA.
Trump additionally mentioned the 27-member block has agreed to purchase US power value $ 750 billion and make investments further investments value $ 600 billion in the USA above present ranges.
He mentioned Bloc would additionally “purchase army gear of a whole bunch of billions of {dollars}”, however didn’t present a certain quantity in a greenback.
“It is a very highly effective deal. It is a very massive deal. It is the largest of all offers,” Trump mentioned, together with von der Leyen.
“It is a whole lot, it is an enormous deal, with tough negotiations,” mentioned von der Leyen after the assembly.
The message comes after Trump throughout a press convention Before his meeting with the European leader mentioned there was a a 50-50 chance They’d attain a deal of a deal.
Sunday’s announcement marks a serious second for Trump, after weeks of uncertainty about commerce talks within the US and EU.
Brussels was making ready for a A scenario without a deal If commerce calls are transferred earlier than August 1st.
Legislators had authorized a fundamental package deal of counter-tarifes that might goal numerous US items. The block additionally thought of an EU deployment “Anti -corient instrument“A transfer seen because the” commerce baza “of the industrial bloc.
The US and EU industrial hyperlink was estimated at EUR 1.68 trillion ($ 1.97 trillion) when each companies and commerce in items are taken into consideration in 2024, in accordance with European Council.
Whereas the EU data an extra of products commerce, it has famous a service deficit. This left the EU with a complete commerce surplus of about 50 billion euros with the USA final 12 months.
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