President Donald Trump and European Commission President Ursula von der Leyen announced the U.S. has reached a trade deal with the European Union. “It’s a very powerful deal, it’s a very big deal, it’s the biggest of all the deals,” Trump said. The U.S. president had previously threatened 30% tariffs on goods from the European Union. Ahead of his meeting with von der Leyen, Trump said that it was a 50-50 chance they’d make a deal. U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, on July 27, 2025. Evelyn Hockstein | Reuters
President Donald Trump announced Sunday that the U.S. reached a trade deal with the European Union, following pivotal discussions with European Commission President Ursula von der Leyen days before the Aug. 1 tariff deadline.
Trump said that the deal imposes a 15% tariff on most European goods to the U.S., including cars.
Some products, including aircrafts and their components, some chemicals and pharmaceuticals,