President Trump announced Sunday that the U.S. and European Union have reached a new trade agreement imposing a 15% tariff on EU goods, following a similar deal with Japan earlier this week. The announcement came during Trump’s trip to Scotland, alongside European Commission President Ursula von der Leyen.
The deal is the latest in a series of aggressive trade moves by the Trump administration aimed at reducing long-standing deficits and rebalancing global trade relationships. The EU, America’s largest trading partner, exported over $600 billion in goods to the U.S. in 2024, while the U.S. exported $370 billion back — a gap Trump has repeatedly criticized.
German automakers like BMW, Audi, and Mercedes have already faced a 25% tariff since April, and other EU products have seen a blanket 10% rate. The new deal consolidates tariffs to a 15% flat rate on all EU imports, effectively restructuring U.S.–EU trade terms.
The White House has argued these changes are necessary to protect domestic industries and encourage fairer trade. However, economists warn the rising global tariff environment could fuel inflation and impact economic growth across key markets.
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