US Strikes Trade Deal With European Union

The trade agreement sets a 15 percent tariff for most imports from the bloc, including automobiles.

U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, as U.S. Commerce Secretary Howard Lutnick, Trade Representative Jamieson Greer and White House deputy chief of staff Stephen Miller clap, in Turnberry, Scotland, Britain, on July 27, 2025. Evelyn Hockstein/Reuters

After months of negotiation, President Donald Trump said on July 27 that he reached a trade deal with the European Union.

“We have good news. We have a deal,” Trump announced Sunday, sitting alongside European Commission President Ursula von der Leyen in Scotland.