US EditionUS and EU agree trade deal, says Donald Trump
The trade agreement includes a 15% tariff ceiling and zero tariffs on key products, aiming to prevent economic disruptions and provide business predictability, officials said.
- The US and EU agreed to a trade deal where European exports to the US will be hit with a 15% tariff, lower than the 30% threatened but higher than the tariff-free trade the EU offered.
- The deal did not achieve a breakthrough on steel, aluminium or copper, which are still facing a 50% tariff, and the average tariff on EU exports to the US will rise from 1.2% last year to 17%.
- Economists said the economic outlook has deteriorated, with growth in the EU likely to drop by 0.2%, and while the US appears to be the winner, uncertainty still hangs over the US economy.
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MyCentralOregon.com
US and EU release details for tariffs on cars, pharmaceuticals
President of the European Commission Ursula von der Leyen meets with U.S. President Donald Trump at Trump Turnberry golf club on July 27, 2025 in Turnberry, Scotland. Andrew Harnik/Getty Images (NEW YORK) — The United States and European Union on Thursday released new details of their trade agreement, including tariff levels for consumer staples like pharmaceuticals and autos. Prior to the agreement last month, the European Union faced the prosp…
US-EU trade deal a mixed bag
U.S. President Donald Trump and European Commission President Ursula von der Leyen announced a sweeping trade deal July 27 that imposes 15% tariffs on most European goods, warding off Trump’s threat of a 30% rate if no deal was reached…
The Center Square
IL manufacturing leader: EU trade deal has benefits
(The Center Square) – An industry advocate says Illinois manufacturers could benefit from a new U.S. trade agreement with the European Union, even though the deal includes tariffs.
Trump's Misleading Justification for Higher Tariffs on Imports of EU Goods
The United States and the European Union have reached a preliminary trade deal to avoid a 30% U.S. tariff on imported goods from the EU that President Donald Trump threatened would go into effect on Aug. 1. Trump had argued that higher tariffs were needed because EU tariffs and nontariff policies “cause the large and unsustainable trade deficits” between the U.S. and the EU, but economists disputed that statement.
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