President Trump and European Commission President Ursula von der Leyen announced that the U.S. and EU have agreed on a trade deal framework that includes a baseline tariff of 15% on EU goods imported into the U.S.
The deal concludes a month-long saga with America’s largest trading partner.
Following talks with von der Leyen in Turnberry, Scotland, Trump announced “the biggest deal ever made,” with a 15% tariff on most imports from the 27-nation European Union, including automobiles, pharmaceuticals, and semiconductors.
Trump also stated that as part of the deal, the EU agreed to purchase $750 billion worth of energy from the US, and invest $600 billion more in the U.S.
Trump told reporters, “All of the countries will be opened up to trade with the United States at zero tariffs, and they’re agreeing to purchase a vast amount of military equipment,”
Von der Leyen stated that the agreement would provide “stability” and “predictability,” and that most other European leaders have largely welcomed this progress.
French Prime Minister, François Bayrou, wrote on X today: “It is a dark day when an alliance of free peoples, brought together to affirm their common values and to defend their common interests, resigns itself to submission.”
Von der Leyen recognized that negotiations with Trump were challenging: “I knew it at the beginning, and it was indeed very tough. But we came to a good conclusion for both sides.”
By CEO NA Editorial Staff
