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July 28, 2025

U.S. and EU Announce Trade Deal; U.S. to Impose 15% Tariff on EU Imports
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The United States and European Union have announced a deal to avert a
transatlantic trade war. Under the deal, the U.S. would impose a 15%
tariff on most European imports - a large increase over the current rate
but far smaller than what Trump had threatened.

The EU also agreed to purchase more than $750 billion of energy products
from the U.S. and invest an additional $600 billion in the U.S. Trump
announced the deal in Scotland, where he met with European Commission
President Ursula von der Leyen.

Ursula von der Leyen: "We have a deal. We have a trade deal between the
two largest economies in the world. And it's a big deal. It's a huge
deal. It will bring stability. It will bring predictability. That's very
important for our businesses on both sides of the Atlantic. It's 15%
tariffs across the board, all inclusive."



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