The United States and the European Union have reached a landmark trade agreement that prevents a looming transatlantic trade war, though at the cost of imposing a 15% import tariff on most EU goods.
The deal was finalized after direct negotiations between U.S. President Donald Trump and European Commission President Ursula von der Leyen, held at Trump’s golf course in Scotland. As part of the agreement, the EU will channel $600 billion in investment into the U.S. and pledge to buy $750 billion worth of American energy over Trump’s second term.
While the tariff is significantly lower than the previously threatened 30%, it falls short of the EU’s demand for a zero-tariff framework. Critics in Europe have already voiced concerns, warning the new tariff will weigh heavily on European industry.
Notably, key sectors—such as aircraft manufacturing, select chemicals, semiconductors, and critical raw materials—will remain tariff-free on both sides.
The deal is being hailed in Washington as a major economic and diplomatic win, while EU leaders face the challenge of defending its terms at home.
