The European Union and the United States reached a trade agreement following negotiations between European Commission President Ursula von der Leyen and U.S. President Donald Trump in Scotland on July 27.
Von der Leyen revealed the details of the deal at a press conference after the talks.
The EU and the U.S. finalized the trade agreement on July 27, and its specifics were disclosed by the head of the European Commission.
“We agreed on a single tariff rate of 15% for the vast majority of exports from the EU. This tariff applies across most sectors, including automobiles, semiconductors, and pharmaceuticals,” von der Leyen stated.
According to her, 15% is “a clear upper limit, without layers — all-inclusive.”
“Today, we also agreed on a ‘zero-for-zero’ tariff arrangement for a range of strategic goods. This includes all aircraft and their components, certain chemicals, semiconductor manufacturing equipment, selected agricultural products, natural resources, and critical raw materials. We will continue working to expand this list further,” said the Commission president.
Regarding steel and aluminum, von der Leyen noted that both the EU and the U.S. face the same external issue — global overproduction.
“We will work together to ensure fair global competition and reduce barriers between us. Tariffs will be lowered, and a quota system will be introduced,” she said.
“We will replace Russian gas and oil with substantial purchases of American LNG, crude oil, and nuclear fuel. American AI chips will power our artificial intelligence gigafactories and help the U.S. maintain its technological edge,” von der Leyen announced.
She also promised to “grant broader access to U.S. goods on our market.”
As previously reported, the U.S. and the EU had been engaged in complex negotiations over future trade terms amid threats from Washington to impose steep tariffs on European goods.
The EU had even prepared a countermeasure package worth €93 billion targeting American goods, in case the talks failed and Trump imposed the proposed tariffs.
U.S. President Donald Trump described the newly reached trade deal with the EU as “the largest agreement ever made.”
According to CNN, Trump confirmed the framework agreement on a new trade deal on Sunday, alongside EU leadership, after months of difficult negotiations. The deal includes 15% tariffs on most European imports — including automotive products, pharmaceuticals, and semiconductors.
Trump also stated that the EU agreed to purchase $750 billion worth of U.S. energy resources and invest an additional $600 billion.
He called the agreement “the biggest deal ever made.”
Prior to that, the details of the deal finalized in Thornbury, Scotland, had been announced by the European Commission President.
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