President Trump announces a trade deal imposing a 15% tariff on EU goods, with significant investments expected from the EU into the US economy.
On July 27, President Trump announced a trade agreement with the EU, imposing a 15% tariff on EU goods. The EU is expected to invest $600 billion in the US and purchase $750 billion in US energy products. The agreement aims to benefit the automotive industry and agriculture, while the US will establish tariff policies on chips within two weeks. European Commission President von der Leyen highlighted the EU's need to reduce dependence on Russian LNG and confirmed a uniform 15% tariff for the automotive and pharmaceutical sectors, with details on the spirits sector still pending.