US EditionAs It Happened: 'Work Continues' After EU-US Trade Deal
UNITED STATES, AUG 1 – The deal sets a 15% tariff ceiling on most EU goods entering the US, rolling back tariffs on strategic exports and aiming to restore trade stability, officials said.
- Amid looming tariff threats, the EU and US agreed in Algiers on July 27, 2025, to apply a 15% tariff ceiling on nearly all EU goods starting Aug. 1.
- Amid escalating trade tensions, negotiators acted five days before Trump threatened a 30% tariff, securing a 15% rate lower than initially threatened.
- Under the agreement, energy purchases surged, with the EU planning to procure up to $750 billion in US-sourced energy over three years, covering liquified natural gas, oil, and nuclear products.
- Despite the progress, key details remain unclear, as Simon Harris said on Friday after the trade forum at Government Buildings that many aspects still need clarification.
- Further negotiations will be required for legal implementation on both sides, and the two sides agreed to continue talks to expand the list of products receiving special treatment.
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The trade agreement between the US and the EU establishing a 15% VAT has been described by international press and many analysts as a recognition of weakness and a black day for Europe.
Swindon Advertiser
Detail still lacking ‘but Ireland would be worse off without EU-US deal’
Simon Harris said the EU tariff rate of 15 would come into effect from next Thursday.
On August 1, just before the deadline for the reinstatement of the country-specific tariff surcharges on mutual tariffs, news broke that the US-Korea tariff negotiations had been concluded. The EU also reached an agreement at the US-EU summit on July 28, but both agreements were based on the Japan-US agreement of July 23.
El Periódico
elcorreogallego.esThe European Union will have until August 7th to close the fringes of the trade agreement with the United States, including possible exceptions to the 15% tariff on exports that President Donald Trump confirmed last Thursday through an executive order. Continue reading...
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