U.S.-EU Deal Sets a 15% Tariff on Most Goods and Averts the Threat of a Trade War With a Global Shock

3 weeks ago The United States and the European Union have agreed to a trade framework setting a 15% tariff on most goods. President Donald Trump announced the agreement on Sunday after meeting with European Commission chief Ursula von der Leyen in Scotland. This deal prevents higher import taxes that could have impacted global economies. Trump described the negotiation as beneficial for both parties. Von der Leyen noted the deal brings stability and predictability for businesses. The agreement includes major U.S. energy purchases and investments by the EU. Some strategic products will have zero tariffs, but details are still being finalized.