US President Donald Trump confirms a trade deal reached with the EU.
President Trump revealed a 15% tariff on European Union goods during an event with EU leader Ursula von der Leyen at one of his Scottish golf resorts.
The agreement establishes a 15% US tariff on goods from the EU.
Ursula von der Leyen confirmed the US will impose a 15 percent tax on EU imports across the board.
“We have reached a deal. It’s a good deal for everybody,” Trump said.
“It’s going to bring us closer together… it’s a partnership in a sense,” he added.
Meanwhile, von der Leyen hailed it as a “huge deal”, which came after “tough negotiations”.
The US and EU have longed enjoyed one of the world’s largest trade relationships.
Total trade in goods between the EU and US totalled around $975.9bn (£751.4bn) in 2024, estimates say.
The US imported about $606bn (£451bn) worth of goods from the EU and exported around $370bn (£276bn) last year.
Trump had said this trade deficit means the US is “losing”, earlier threatening a tariff rate of 30 percent.
