Trump announces US-EU trade deal: 15% tariff + $600 billion investment in the United States
2025-07-27 20:00:52
On July 28th, local time on July 27th, US President Trump said that the United States has reached a trade agreement with the European Union, imposing a 15% tariff on European Union imports to the United States. Trump said that the European Union will increase its investment in the United States by 600 billion dollars than before, and the European Union will buy US military equipment and will buy US energy products worth 750 billion dollars. Trump said that tariffs on steel and aluminum will remain the status quo. Energy is a key part of this agreement. The agreement will benefit the automotive industry. It will also have a significant impact on agriculture. The United States will invest a lot of energy in the chip field. The British Prime Minister is happy with this agreement. U.S. Commerce Secretary Lutnik said the U.S. will finalize tariffs on chips within two weeks.
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