On July 27, 2025, the Trump administration finalized a trade agreement with the European Union, marking a significant step in its trade policy agenda. The deal, announced after months of negotiations, sets a 15% tariff rate on EU imports to the U.S., a notable increase from the previous 2.5% but lower than the potential 30% initially proposed. European Commission President Ursula von der Leyen emphasized that the agreement mitigates the risk of a broader trade war, providing stability for trans-Atlantic economic relations. The deal includes provisions for American goods, such as oil, gas, and farm products, to face reduced trade barriers in the EU. It also aims to diversify global supply chains through initiatives like the Quad Critical Minerals Initiative, involving the U.S., India, Japan, and Australia. The agreement awaits final text release and faces potential legal challenges, with nearly a dozen lawsuits questioning the administration’s authority to impose tariffs without congressional approval.
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