Mon, 28 Jul 2025

Mon, 28 Jul 2025 US-EU tariff deal a big Trump win but not a total defeat for Brussels

The agreement is a major step in Trump's plan to shake up global trade, which he says was weighted against America.

* The EU and US have agreed on a framework deal after weeks of tense negotiations, with President Trump's personal involvement being credited as the key factor in reaching an agreement.
* The deal is significant for both sides, as it affects many businesses and jobs that rely on the "world's largest bilateral trade and investment relationship".
* The US will impose a 15% tariff on EU goods, rather than the threatened 30%, which is still higher than the UK's 10% rate but lower than the 25% global tariff.
* In return, the EU will open up its markets to American exports at zero tariff and buy US energy products and arms worth hundreds of billions of dollars.
* The deal is expected to bring in around $90bn (£67bn) of tariff revenue for the US government and boost investment in the US by $600bn.
* President Trump hailed the agreement as a major victory, saying it would lead to a more sustainable trade relationship with the EU.
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