President Donald Trump announced a wide-ranging trade agreement with the European Union (EU) on Sunday, introducing a new 15 percent tariff on European imports while maintaining existing duties on steel and aluminum.
Today, President Trump secured a HUGE, POWERFUL TRADE DEAL between the U.S. and EU 🇺🇸
The EU will:
💰 Invest $600 Billion in U.S.
⚡️ Purchase $750 Billion in American Energy
💸 Open Markets to U.S. pic.twitter.com/PWNtlhpH5b— The White House (@WhiteHouse) July 28, 2025
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The announcement came during a press conference alongside European Commission President Ursula von der Leyen at Trump Turnberry in Scotland following a private meeting between the two leaders.
Under the terms of the agreement, the EU committed to purchasing $750 billion in U.S. energy products.
In addition to that commitment, the EU agreed to invest $600 billion into the United States economy, building on its current investments.
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According to President Trump, the EU also agreed to set its tariffs on U.S. goods at zero percent.
He further stated that European nations committed to purchasing a substantial quantity of American military equipment.
“We don’t know what that number is,” Trump said during the press conference, but estimated the purchases would be in the “hundreds of billions of dollars.”
The United States will impose a 15 percent tariff on a range of European products, including automobiles.
President Trump characterized this as a significant opening of European markets that were previously closed to many American goods.
“So we have a tariff of 15%,” Trump said.
“We have the opening up of all of the European countries, which I think I could say were essentially closed. I mean, you weren’t exactly taking our orders, you weren’t exactly taking our agriculture, and then you would have smaller things, but for the most part, it was closed, and now it’s open.”
🚨 BREAKING: President Trump hits MAJOR HOME RUN with a massive European Union trade deal while in Scotland…victory. ‘ZERO TARIFF.’ Experts lose again.
“The EU is going to purchase from the US $750 BILLION worth of energy…Agree to invest $600 billion. Agree to open up their… pic.twitter.com/OuRfm4EZNV
— Eric Daugherty (@EricLDaugh) July 27, 2025
When asked about concessions made by the United States in the agreement, European Commission President Ursula von der Leyen described the deal as a way to correct an existing imbalance in transatlantic trade.
“The starting point was an imbalance, a surplus on our side and a deficit on the U.S. side, and we wanted to rebalance the trade relation,” von der Leyen said.
“We wanted to do it in a way that trade goes on between the two of us across the Atlantic, because the two biggest economies should have a good trade flow between us.”
“I think we hit exactly the point we wanted to find: Rebalance, but enable trade on both sides, which means good jobs on both sides of the Atlantic, means prosperity on both sides of the Atlantic, and that was important for us,” she added.
Even the fake news reporters couldn’t believe how good Trump’s trade deal with the European Union is.
After hearing the details of the deal, a reporter had to ask: “What are the US concessions? What is the US giving up in the deal, if anything?”
Ursula von der Leyen: “The… pic.twitter.com/DPZmO9sxAk
— George (@BehizyTweets) July 27, 2025
German broadcaster NTV reported that the EU’s willingness to make concessions came amid pressure from member states.
The outlet pointed to recent comments from German Chancellor Friedrich Merz, who expressed a desire to expedite the agreement.
“It would be better to be quick and easy than lengthy and complicated and still in negotiating status for months,” Merz said.
Trade between the U.S. and the EU remains one of the most significant economic relationships globally.
In 2024, total trade in goods and services between the two partners exceeded €1.68 trillion, approximately $1.8 trillion.
This trading relationship accounts for nearly 30 percent of global trade and 43 percent of the world’s gross domestic product.
The new agreement marks a significant shift in U.S.-EU trade policy and establishes a new framework for future economic cooperation between the two regions.
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