On July 27, 2025, President Donald Trump announced a significant trade agreement with the European Union, establishing a 15% base tariff on most goods to avoid a potential trade war. The deal, finalized after weeks of challenging negotiations, includes the EU committing to $750 billion in energy purchases and $600 billion in investments. Trump described the agreement as a major win for the US, emphasizing its potential to boost American manufacturing jobs. The negotiations took place ahead of an August 1 deadline, with Trump meeting EU Commission President Ursula von der Leyen during his visit to Scotland. The agreement has sparked varied reactions, with some US automakers expressing concerns over competitive disadvantages, particularly as Japanese exports secured a similar 15% tariff deal. This framework aims to strengthen economic ties and stabilize global trade dynamics.
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