07/29/2025

Trump, E.U. Reach Contours of Trade Deal with 15 Percent Tariffs

The tariffs will increase the costs of wine, automobiles and possibly steel

On Sunday, a beleaguered President Donald Trump touted a trade agreement with the European Union, following months of contentious negotiations with one of the United States’ top trading partners and long-time allies.

Trump said he would impose a 15 percent duty on most imports from the European Union, about half of his latest threat of 30 percent in levies. The White House did not immediately release specific details of the trade agreement, which are traditionally hundreds of pages long and take years to negotiate. Trump and European Commission President Ursula von der Leyen announced the outlines of the deal Sunday at Trump Turnberry, one of two golf courses that the president owns in Scotland.

"It's great that we made a deal today instead of playing games and maybe not making a deal at all," Trump said.

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