President Donald Trump met with European Commission President Ursula von der Leyen on Sunday to discuss trade and other issues.
Trump announced that a trade deal has been reached.
"We are agreeing that the tariff straight-across for automobiles and everything else will be a straight-across tariff of 15%," Trump said.
"They're going to purchase $750 billion worth of energy, so that's going to be great, and $600 billion of investments into the United States over and above what they have," he added.
The deadline of August 1 for new higher tariffs to be imposed on the European Union is fast approaching.
Trump has said the tariff on European imports would be 30% tariff if a trade deal isn't reached.
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Trump scores trade deal with EU featuring 15% tariffs, billions in U.S. energy exports
- by: Nicholas Ballasy
- 07.27.25
- Source:
Just the News
- 07/28/2025
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