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The US and European Union have agreed on a new trade deal after talks between Donald Trump and EU Commission chief Ursula von der Leyen. The deal sets a 15% tariff on EU goods but avoids a steeper 30% rate. It also includes large EU purchases of American energy and military equipment.
Ursula von der Leyen travelled to Scotland to meet Trump and finalise the agreement.(Photo: Reuters)
New Delhi,UPDATED: Jul 27, 2025 23:52 IST
The United States and the European Union have agreed on a new trade deal, announced by former President Donald Trump on Sunday. Under the new framework, a 15% tariff will be applied to EU goods entering the US. In return, the EU has agreed to buy large amounts of American energy products and military equipment.
However, the 15% tariff is still seen as a disappointing outcome for Europe, especially since the EU had initially hoped for a "zero-for-zero" deal—no tariffs on either side. Still, the current deal is better than the earlier threat of a 30% tariff, which had alarmed European leaders and industries.
European Commission President Ursula von der Leyen travelled to Scotland to meet Trump and finalise the agreement. Her visit was crucial in sealing the deal at the last minute.
This is a developing story.
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Published By:
Satyam Singh
Published On:
Jul 27, 2025
