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July 29, 2025

EU and US strike trade deal, setting 15% tariff on European exports to America

The European Union and the United States have reached a long-awaited trade agreement, ending months of escalating tensions with a deal that sets a 15% US import tariff on EU goods — including wood products — down from the 30% rate previously threatened by Washington. The agreement was concluded during private talks between US President Donald Trump and European Commission President Ursula von der Leyen at the Turnberry resort in Scotland on Sunday. Both sides described the outcome as a breakthrough that will bring temporary stability to transatlantic trade. The deal covers nearly all EU exports to the US ...

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