The US and the European Union agreed to a commerce deal setting a 15% tariff on most items, President Donald Trump introduced Sunday, staving off for now greater import taxes on each side which may have despatched shock waves by way of economies across the globe.
The announcement got here after Trump and European Fee chief Ursula von der Leyen met briefly at Trump’s Turnberry golf course in Scotland. Their non-public assembly culminated months of bargaining, with the White Home deadline Friday nearing for imposing punishing tariffs on the 27-member EU.
“It was a really attention-grabbing negotiation. I believe it’s going to be nice for each events,” Trump mentioned. The settlement, he mentioned, was “a very good deal for everyone” and “an enormous take care of a lot of nations.”
Von der Leyen mentioned the deal “will convey stability, it should convey predictability that’s crucial for our companies on each side of the Atlantic.”
Trump mentioned the EU had agreed to purchase some $750 billion value of U.S. power and make investments $600 billion greater than it already is in America, in addition to making a serious buy of navy gear.
“We’re agreeing that the tariff straight throughout for cars and every thing else will likely be a straight throughout tariff of 15%,” Trump mentioned. “Now we have a tariff of 15%. Now we have the opening up of the entire European nations.”
Von der Leyen mentioned the 15% tariffs had been “throughout the board, all inclusive” and that “certainly, mainly the European market is open.”
Earlier than the assembly started, Trump pledged to alter what he characterised as “a really one-sided transaction, very unfair to the US.”
“I believe each side wish to see equity,” the Republican president advised reporters. She spoke of rebalancing.
Von der Leyen mentioned the U.S. and EU mixed have the world’s largest commerce quantity, encompassing lots of of tens of millions of individuals and trillions of {dollars}. She added that Trump was “often known as a tricky negotiator and dealmaker.”
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“However honest,” Trump mentioned.
For months, Trump has threatened a lot of the world with massive tariffs in hopes of shrinking main U.S. commerce deficits with many key buying and selling companions. Extra not too long ago, he had hinted that any take care of the EU must “purchase down” the at present scheduled tariff fee of 30%.
Throughout his feedback earlier than the deal was introduced, he pointed to a latest U.S. settlement with Japan that set tariff charges for a lot of items at 15% and instructed the EU may conform to one thing comparable.
Requested then if he could be prepared to simply accept tariff charges decrease than that, Trump mentioned “no.”
President Donald Trump meets European Fee President Ursula von der Leyen on the Trump Turnberry golf course in Turnberry, Scotland Sunday, July 27, 2025. (AP Picture/Jacquelyn Martin).
Their assembly got here after Trump performed golf for the second straight day at his Turnberry course, this time with a bunch that included sons Eric and Donald Jr. The president’s five-day go to to Scotland is constructed round golf and selling properties bearing his title.
A small group of demonstrators on the course waved American flags and raised an indication criticizing British Prime Minister Keir Starmer, who plans his personal Turnberry assembly with Trump on Monday. Different voices may very well be heard cheering and chanting “Trump! Trump!” as he performed close by.
On Tuesday, Trump will likely be in Aberdeen, in northeastern Scotland, the place his household has one other golf course and is opening a 3rd subsequent month. The president and his sons plan to assist lower the ribbon on the brand new course.
Becoming a member of von der Leyen had been Maros Sefcovic, the EU’s chief commerce negotiator; Björn Seibert, the top of von der Leyen’s Cupboard; Sabine Weyand, the fee’s directorate-general for commerce, and Tomas Baert, head of commerce and agriculture on the EU’s delegation to the U.S.
The U.S. and EU appeared near a deal earlier this month, however Trump as an alternative threatened the 30% tariff fee. The deadline for the Trump administration to start imposing tariffs has shifted in latest weeks however is now agency, the administration insists.
“No extensions, no extra grace durations. Aug. 1, the tariffs are set, they’ll go into place, Customs will begin gathering the cash and off we go,” U.S. Commerce Secretary Howard Lutnick advised “Fox Information Sunday.” He added, nevertheless, that even after that “individuals can nonetheless discuss to President Trump. I imply, he’s all the time prepared to pay attention.”
With out an settlement, the EU mentioned it was ready to retaliate with tariffs on lots of of American merchandise, starting from beef and auto components to beer and Boeing airplanes.
If Trump ultimately adopted by way of on his risk of tariffs towards Europe, it may have made every thing from French cheese and Italian leather-based items to German electronics and Spanish prescription drugs costlier in the US.
The U.S. and Britain, in the meantime, introduced a commerce framework in Could and a bigger settlement final month throughout the Group of Seven assembly in Canada. Trump says that deal is concluded and that he and Starmer will talk about different issues — although the White Home has instructed it nonetheless wants some sharpening.
US President Donald Trump performs golf at his Trump Turnberry golf course in South Ayrshire, throughout his five-day non-public journey to the nation. Image date: Sunday July 27, 2025. (PA Picture: Jane Barlow/PA Wire).
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