Sunday, July 27, 2025

"Trump announces EU trade deal with 15% tariffs"

For what it's worth the original headline included President Von der Leyen, it's in the URL: 

https://www.nbcnewyork.com/news/business/money-report/trump-and-eus-von-der-leyen-announce-trade-deal/6349568/ 

I'm not sure why they changed it. 

From CNBC via NBC News 4, New York, July 27:

  • President Donald Trump and European Commission President Ursula von der Leyen announced the U.S. has reached a trade deal with the European Union.
  • "It's a very powerful deal, it's a very big deal, it's the biggest of all the deals," Trump said.
  • The U.S. president had previously threatened 30% tariffs on goods from the European Union.
  • Ahead of his meeting with von der Leyen, Trump said that it was a 50-50 chance they'd make a deal.

President Donald Trump announced Sunday that the U.S. reached a trade deal with the European Union, following a pivotal discussion with European Commission President Ursula von der Leyen days before the Aug. 1 tariff deadline.

Trump said that the deal imposes a 15% tariff on most European goods to the U.S., which is lower than the 30% rate he had previously threatened against the United States' largest trading partner.

Trump also said that the 27-member bloc has agreed to purchase $750 billion worth of U.S. energy and $600 billion worth of investments into the U.S.

"It's a very powerful deal, it's a very big deal, it's the biggest of all the deals," Trump said alongside von der Leyen.

"It's a good deal, it's a huge deal, with tough negotiations," von der Leyen said after the meeting....

....MUCH MORE 

The Independent quotes the EU President (via Yahoo New Zealand):

“The starting point was an imbalance, a surplus on our side and a deficit on the U.S. side."