Trump and EU seal trade deal with tariff cuts and major U.S. investments

President Donald Trump and European Commission President Ursula von der Leyen announced a new U.S.-EU trade deal on Sunday, featuring a uniform 15% tariff on automobiles and expanded market access for U.S. goods, including agriculture.

As part of the agreement, Europe will buy $150 billion in U.S. energy and invest an additional $600 billion in the American economy.

The deal, reached after intense negotiations, aims to “rebalance” the trade relationship, which both leaders acknowledged had previously favoured the EU.

🚨 BREAKING: President Trump just announced he’s reached a trade deal with the European Union

This is a HUGE deal. European goods coming into the U.S. will have a 15% tariff.

And the EU will:

✅ Put 0% TARIFFS on US goods
✅ Buy hundreds of BILLIONS in military gear
✅ Make… pic.twitter.com/mjgu2OqaJZ

— Nick Sortor (@nicksortor) July 27, 2025