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EU, US seal trade deal with 15 percent baseline tariff

By Bradley Dress and Oscar Pandiello ( July 27, 2025, 19:21 GMT | Insight) -- The EU and US today agreed to a trade deal setting a 15 percent tariff on most European exports, including cars and semiconductors. Steel and aluminum will be covered by a quota system, with final terms still pending. The deal also includes provisions for the EU to buy $750 billion in US energy over three years and invest $600 billion in the US economy. President Donald Trump and European Union Commission President Ursula von der Leyen today announced a major trade deal that would bring tariffs on European exports to the US down to 15 percent, with the announcement coming just days before an Aug. 1 deadline that would have seen high tariffs on the European economic bloc....

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