Trump signs new Trade deal with EU: 15% flat tariffs on all goods

At a critical moment for transatlantic relations, Donald Trump pushes forward his economic agenda by announcing an unprecedented trade deal with the European Union. Fixed tariffs, multi-billion-dollar investments, and new rules for import-export mark the beginning of a phase that could reshape the balance between the U.S. and the EU.

Donald Trump has announced a new trade agreement with the European Union, introducing a flat 15% tariff on all European imports, with exceptions for pharmaceuticals, steel, and aluminum. The deal was unveiled at Trump’s Turnberry golf resort in Scotland.

The U.S. president called the deal “historic,” highlighting a goal to “rebalance economic relations with Brussels.” European Commission President Ursula von der Leyen confirmed the agreement and announced tens of billions in EU investments in the United States, particularly in defense and infrastructure.

The agreement could significantly impact key European export sectors such as automotive, luxury goods, and food. For American businesses, it promises more regulatory certainty in EU trade.

Financial markets reacted cautiously: the euro edged lower, and European stock indices were mixed. Trump is also scheduled to meet with UK and Scottish leaders to discuss extending the deal to the British market.