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Trump announces EU trade deal with 15% tariffs

    • 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, Britain, July 27, 2025. REUTERS/Evelyn Hockstein

Doug Santo