August 28, 2025
Trump says U.S. reaches trade agreement with Europe with 15% tariff

President Trump said on Sunday that the U.S. reached a trade agreement with the European Union that would impose a 15% tariff rate on its goods.Why it matters: Europe is the latest major partner to accept significantly higher tariffs to stave off worsening trade fights with Trump.Details: Trump announced the deal alongside European Commission President Ursula von der Leyen during a trip to Scotland.Trump said the EU agreed to buy more than $750 billion worth of U.S…
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